Retention – The unsung quandary of a start up
I had almost zero attrition till about August this year. My first employee put in his papers due to a medical issue and that started the domino effect. In a short span of about a few months, I have had a complete team change. One Monday I walked into the office and one of my employees who has been with me for a long time put in his papers. I didn’t stop him. I knew I couldn’t offer him anything as he was changing stream completely. But my heart sank. This lead to panic and I called the only person I knew who would know what to do, my father. He laughed and said this is normal and that he went through the same thing when he started 38 years ago. I felt relief sweep over me. But this got me thinking and I started speaking to a lot of my fellow entrepreneurs. To my lack of surprise, they all were facing the same issues. The answer to this was as simple as daylight “ Stability and growth.” I remember saying I wouldn’t work for a startup you never know when they close doors ...