Benefits Of Employee Satisfaction And Retention

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Employee Satisfaction and Retention
Maintaining employee satisfaction is an important part of running a successful organization in today’s fast paced economy. Satisfied employees bring innovative ideas spurring growth for companies. Without a content and motivated workforce companies face stagnation and are at risk of being out-performed by their competitors. In the modern workplace employers must invest in more than just salary to ensure employee satisfaction and retention, studies show that employees are looking for positions in companies that provide family benefits, job enrichment programs and workplace flexibility.
Many companies are finding that family benefits are an important factor in employee satisfaction and retention. This trend did not go unnoticed by the mail order and steaming movie company Netflix. Netflix recently announced changes to their benefits packages as a result of this trend. The changes to Netflix’s benefits package now allow employees to take up to a year of paid parental leave while maintaining full benefits. According to Netflix’s Chief Talent Officer Tawni Cranz, “Netflix’s continued success hinges on us competing for and keeping the most talented individuals in their field. Experience shows people perform better at work when they’re not worrying about home”. (as cited in Miller, Netflix 's Year-Long Paid Paretnal Leave Sets New Bar, 2015). As new employees join the workforce they are looking for positions in organizations that provide

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