Why long-term employees are so valuable•
When you leave for your work in the morning does it feel like you are heading for your second home? Long-standing employees like you are really valuable for employers and you should be treated as such. Here we tell why it’s important to promote long-term employees and keep them in the company.
Why it is important to keep long-term employees
1. A good network
Nothing beats a well-developed network. But we all know that these can only be created through gaining a lot of experience and knowing as many different people as possible. Employees who have been part of a company for a long time know exactly who to turn to, no matter what challenges everyday life brings. They have a repertoire of contact details and know exactly where they can call when and where and, above all, what the most appropriate form of address is. New, inexperienced employees, on the other hand, have to spend a lot of time building up a network, which means that they can’t work as efficiently. They often also need courage and patience or even longstanding employees to help them.
2. The power is in the calmness
Employees who have been with the company for a long time often have the necessary calmness and composure to achieve long-term success, despite their many tasks and responsibilities. They have left the hectic years behind them and keeping a cool head is their secret strategy for success in every situation. If things go haywire, they know that panicking makes no sense. Instead they think calmly, “in the last few years things have gone well and if I can’t cope, I know where to go.” This calmness and composure is contagious and has a positive effect on the whole team and therefore also on the performance.
“Lots of older employees still work with the company and have been working for years.” – anonymus employer review at Abbott
3. Knowledge at all levels
Whether it’s expertise in terms of job and job description or getting to the heart of the situation, long-term employees use their experience, composure and expertise they have to make good decisions. When it comes to questions about corporate culture or established processes that seem a bit complicated for new employees, long-term employees can help them out by offering valuable advice. That way misinterpretations or technical errors can be avoided. This means that experienced team members are an enormously valuable source of knowledge from which everyone in the company can benefit. If you need advice as a new employee in your everyday work, you can always rely on longstanding employees, because they know all the necessary tips and tricks for succeeding in the company.
4. LOYALTY in capital letters
The longer employees are in a company and the happier they are, the more loyal they are. Those who know the company like the back of their hand are almost certainly not looking for a new job to prove themselves in. According to the EY Gen Z Study, gaining the loyalty of employees born from 1995 to 2010 is difficult. Conversely, Generation X, meaning people who were born between 1965 and 1980, are in general loyal. Only 37 percent leave their employer for advancing their career. Accordingly this means, that it is well worth investing in long-term employees and considering them as an important corporate resource.
“I am one of many employees who are well above 45 and I feel very well treated.” – anonymus employer at Allina Health
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