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My job is a non-profit scam. They do nothing to keep the 80 people around who have to work. The other 350 have won the Publishers Clearinghouse through nepotism. Paid lots for nothing but being related to someone "upstairs". My thanks for their kindness is going to be documenting all the waste and sending it to newspapers and various gov officials in charge of giving grants.
Let me work from home, I can work when I feel like it and still get paid, no boss or HR interference... and I get paid. Oh wait, I'm a founding partner...
I have around 40 days off a year (sick, vacation, etc.) Large yearly bonus. Telecommute, when I need to. Make my own hours. Fantastic benefits--I get my full salary if I ever have to go on disability. Not to mention it's a great work culture-we have a gym, cafe, pool table, table tennis, etc all on site. They do lots of company events--we can run the NYC marathon with our group, discounted sports and theater tickets, etc.
We have global employee satisfaction surveys, at the company level, division, vertical, then organizational. Execs at the GM level (usually about 200-400 people, in my casual observation) own mitigations to problems that are raised up, or at least must have the morale courage to face the confrontations and tell the staff "this is what we can solve, this is what we can't" At the group level, managers have similar trickle-down responsibilities.
I'm somewhat involved in this, as of past six months, and it can be slow-going because facing the conflict is unpleasant. Basically a ___t-detail. But it's interesting to read what people think. We'll be re-surveying our org in the very near future, I want to see what has changed since January for-example. That should be interesting.
Per Maslow's Hierarchy of Needs, what people really "need" to feel successful may be not quite as simple as one might think at face value. Thus increasing retention and morale can be a fine balancing act, I've found.
Why does a company have to do anything to retain an employee and keep them "happy?"
People are free to leave at anytime. People will leave. An employee's "happiness" is not the responsibility of any company.
There are some companies and fields that require high end talent and will do things to try to keep them around. However, the vast majority of rote type jobs not so much.
They finally did a regional adjustment and I went up 8%. I started out of college and the raises have been minimal. Everyone knows the best way to get a raise is to change jobs. The adjustment has made me less bitter considering all the other perks I have.
Great pay.
Profit-sharing.
Stocks as bonuses.
Ballgame boxes.
Private jet to fly between offices.
Food, food, and more food, daily.
Games, fun, parties.
RESPECT.
Clothes.
Gym.
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