Nowadays, many people change jobs quite regularly, rather than working in the one company for their entire careers. Why do you think this is happening? How can companies keep their workers?

Workers

are no longer as committed as they once were to the

companies

that employ them. While people in our grandparents' generation would often job for a company for decades, or even their entire lives, nowadays people tend to change their workplaces every two or three years. In

this

essay, I will explain why

this

is the case, and suggest two ways that

team

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can retain their staff for longer. The main reason people change their jobs more rapidly these days is that they can afford to do so. Because most societies have become wealthier,

workers

are no longer tethered to a particular company or position financially. If a worker wants to leave because of a lack of interest in the work or an unfulfilled ambition, even if it is risky, they are at greater liberty to do so. Put simply, stronger economies allow

workers

to be more selective with their job choices and less dedicated to particular

companies

. While

companies

typically offer greater and greater financial incentives to retain employees, they should

instead

provide greater meaning and purpose, two key psychological drivers. Even if they are paid less,

workers

who find their work fulfilling and purposeful are more likely to stay in their jobs than those who find their work dull and aimless.

Companies

need to shift their thinking and focus on finding meaningful and purposeful tasks for their

workers

rather than just offering them higher salaries. In

this

essay, I argued that the shift in company loyalty is largely due to increases in societal and personal wealth. Only when management realises that money is no longer a significant driver of retention, and meaning and purpose are, the longer they will be able to keep their staff on board.