Kim Seeling Smith, blogger at Worklife by Atlassian has identified nine factors that influence whether employees stay or leave a job. Called “Currencies of Choice,” Atlassian discovered them as the result of reverse-engineering during 5,000 exit interviews she conducted with an international team of recruiters over the course of 15 years.
This research, along with numerous studies from organizations and managers who regularly use the Currencies of Choice model, shows that intrinsic motivators are much more effective in keeping employees motivated and engaged—and helping them perform well and realize their potential—than pay and benefits.
Smith found there are nine key factors that impact these metrics—and they are much more important than pay and benefits.
Companies who have introduced the nine Currencies of Choice to their teams have seen performance, productivity, motivation, and engagement go up—and workload and stress will go down.
At Spa Space, we have been practicing the Currencies of Choice by design. Our goal is to “walk our talk,” give our team the tools they need, and they get out of the way so they can shine.