Sana
Companies can retain their employees if they start taking their employees’ concerns into consideration.
Have you ever asked yourself what motivates you the most? Money, right? This is the top priority of every employee. No doubt, the other factors are also important but if a company does not pay you a good salary, you would probably quit your job and look for a better option that is ready to pay you double salary. An employee just asked an anonymous question to his CEO and the CEO didn’t take it seriously. In fact, he made fun of it and told the employee to find another job if he gets it. The question was “How do you plan to retain talent when there are other companies offering 2x the money with half of the workload?”
The CEO laughed at this question and replied “If you find that ‘job’ (with finger quotes as if it wasn’t real), you better take it, goodbye!” The employee asked for a 20% raise but the company denied his request. He spent 1.5 years in the company but didn’t get a raise. This was the point when he decided that he will quit and take the whole department with him. He did exactly what he thought. Scroll down to read the complete story.
1. What should a CEO do to retain talent when other companies are offering 2 times more money?
Via Ben Rosett
2. OP’s old company was a large REIT. OP was a part of M&A shop.
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3. OP was a part of the deal team where they had to close over 60 deals per year with 45-50 active deals. They were a total of 3 members in the deal team.
4. It was OP’s first job out of college. OP was making 52K/year. After 1 year, OP went to the VP of the department and requested a 20% raise.
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5. After OP left the company, the same VP got a $2M bonus. Every year the company has a meeting at a hotel where they give updates about the company.
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6. Any employee in the event could ask anonymous questions to the CEO. OP decided to ask a question that the CEO thought was hilarious.
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7. OP was treated badly for 1.5 years. He contacted one of the recently resigned coworkers about his company and this company contacted OP and he got the job with a double salary.
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8. OP gave notice to his manager and she told him that she has decided to move to greener pastures. OP asked his new company if they had any positions and the manager was also hired there.
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9. OP’s workload is 30% of what he used to do at the old company.
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10. Only one worker was left. OP worked on his resume and after two interviews, he got the job
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We never understand why companies do not value their employees. They would offer a double salary to a new employee but would never give the existing employee a good raise which he/she is requesting for. That’s a ridiculous approach by literally all the companies out there. Scroll down to read the comments made on this post.
11. “Turnover costs more than retaining good employees”
12. Appreciate that one client who does his job right.
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13. The guy then shut his business because it wasn’t worth the hassle.
14. Companies would give new employees a 30-40% raise but would never give a 10-20% raise to the existing employees.
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15. That’s how you can get your laptop upgraded.
16. It’s time that we start sending anonymous letters to our CEOs.
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Have you ever quit your job? What was the reason behind your resignation? Let us know in the comment section down below!
Here is a dog tax for today:
Via: u/MrMessyAU
“Cat was waiting at my front door to come in when I went take out the trash. I don’t have a cat.”