Retention issues at Apple arise as acquired employees frequently leave due to dissatisfaction. Although financial incentives like stock options are employed, they are inadequate. Drawing from Maslow's theory, the article emphasizes the importance of agency and empowerment over simple monetary rewards. Steve Jobs noted that fostering an environment where employees can make decisions and prioritize ideas over hierarchy is essential for retaining talent, marking a potential area for improvement in Apple's employee engagement strategy.
It suggests at least some of the assumptions the company has concerning how it works with its employees must be challenged, and new ways found to ensure acquired staffers actually want to stick around.
Money helps, but as Maslow says, agency and empowerment are more important.
If you want to hire great people and have them stay working for you, you have to let them make a lot of decisions and you have to be run by ideas, not hierarchy.
The best ideas have to win - otherwise good people don't want to stay.
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