4 ms·
Other things that lead to people leaving: Cut total compensation without cutting salary. A favorite cut is to reduce the quality of the insurance (and the cost
by chrisbennet 6y ago
Other things that lead to people leaving:
Cut total compensation without cutting salary. A favorite cut is to reduce the quality of the insurance (and the cost to the company). The unilaterally changed your compensation without telling you let alone negotiating a new contract.
Pay people the minimum instead of what they are worth. The guy who can walk to work from his house - you know he's not going to leave if you underpay him.
- ryandrake 6y agoEven something as small as switching to a new (crappier) 401(k) custodian can be seen as a demotivating compensation cut. Yay, we saved $5 per employee, but lost two key contributors who were finally fed up. Probably not a good trade-off. EDIT: One of the classic texts on this is Steve Blank's "The Elves Leave Middle Earth" [1] which describes how small seemingly innocuous benefits reductions can serve as a "wake up call" for content employees who never really thought about looking around for a new job. 1: https://steveblank.com/2009/12/21/the-elves-leave-middle-earth-–-soda’s-are-no-longer-free/ https://steveblank.com/2009/12/21/the-elves-leave-middle-ear...