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Staff Retention by Chester Elton – Live Webinar Summary
Participated in a live conference by Chester Elton some weeks ago. Topic is about employee retention. Lots of amazing tips for employers.
He did a ground breaking research which involved a staggering 850,000 employees across many nations. The study found that there are 23 MAIN MOTIVATORS FOR STAFF TO STAY ON THE JOB. And each staff has a different leading motivator.
A part of the stats was quite surprising to me and probably to many others as well.
Leading motivators for millennials are :
- IMPACT 68%
- LEARNING 65%
- FAMILY 51%
The least motivating factors for them are :
- AUTONOMY 18%
- OWNERSHIP 17%
- MONEY 10%
The most interesting and ground-breaking part of the study shows 2 EFFECTIVE METHODS deployed by companies with very low staff turnover :
- Very Frequent Employer-Employee Engagement
- Employers know the leading motivator for each staff
Chester and his associates have created a practical assessment method to figure out the main motivating factor for each staff. Successfully done on 15,000 employees of various industries.
Expect these 5 outstanding results when employers are highly engaged with their staff and know their leading motivators:
- Higher Quality Work
- Greater Output
- Higher Incomes
- Less Voluntary Attrition
- A 150% increase in happiness in their life.
For the same topic, watch related youtube video below. Peter Bregman interviewing Chester on his proven ideas and latest bestseller.
https://youtu.be/pN2ZvU6pNbM
Get to know more about Chester and his School of Engagement.
This article is written by Azman Ab Rahman, ACC. He is a Coach, Trainer and Consultant servicing various industries.
Learn more about Azman at Linkedin or www.AZMAN.asia
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