Your Employees Want Much More Than a Paycheck

Cathie Leimbach • September 21, 2021

Most managers are facing similar challenges in the workplace. These include:

  • Increased absenteeism
  • Lower productivity
  • High turnover
  • Unresolved conflicts among team members
  • Unproductive meetings
  • Unmet deadlines
  • Decreased quality and customer service

 

Research shows that these issues are costing organizations between 450 Billion and 500 Billion Dollars annually. These patterns occur because 65% of employees are disengaged, showing up (or not), uninvested in their job, their team, or the company that employees them. 

 

If it feels discouraging, you are not alone. The way to turn these negative trends around is found in another interesting statistic. 70% of the variance in the overall employee engagement score is because of their manager. 

 

Your employees want much more than a paycheck. They want their job to have an impact, connect to a purpose in their work beyond just the job, and feel that they are providing value. A survey by the Energy Project reaching more than 12,000 employees from various industries found that 50% lack a level of meaning and significance at work. 

 

Your employees also want to understand how their job connects to their purpose and mission. If members of your team feel recognized and appreciated, they will open up about what they want from their work. Their manager is the one person who can connect their purpose to its goals and objectives.  And then support them, so they bring their best selves to work every day.

 

Effective management increases employee engagement. It starts with ensuring that every person the manager supervises understands why and how their job is vital to the organization.

 

Managers are one of the most important assets a company has in reaching its goals and fulfilling its mission.  Here are the actions each manager can learn to implement consistently to make a difference with engagement and productivity:

  • Understand and explain how each employee's job:

- is essential to the organization

- contributes to the work group's success

- connects to the organization's mission

  • Schedule routine conversations with each employee to discuss job importance
  • Explain job importance with new full time and temporary hires
  • Take the time to understand each employee's work and integrate their input into decisions that will impact their job – they know their job and how to do it efficiently and better than anyone else
  • Spend one-on-one time with each direct report to understand their personal goals and mission. Support them to link these to their job responsibilities and the organizational mission
  • Explain the reasons why changes are being made to processes or procedures
  • Express appreciation for good work and continue to keep the company's mission front and center for each employee

 

When managers are trained in these management practices and implement them, the employees they lead are more engaged, clear about how they are contributing to the company, and enthusiastic because they can see the connection between their values and personal mission and the work they are doing.

 

This win-win scenario is worth the investment of time and resources for additional management training.  It will lead to more productivity, decreased turnover and absenteeism, better morale, improved quality work, happier customers, and increased profit.

Leaders Who Help People Thrive

By Cathie Leimbach • July 28, 2026
From uncertainty to confident, supportive leadership conversations

The Workplace Has Changed. Has Your Leadership?

By Cathie Leimbach • July 21, 2026
There was a time when many employees expected to spend most of their careers with one organization. Job security, pensions, and long-term loyalty often kept people in the same company for decades. Today's workforce thinks differently. Millennials and Gen Z expect to build careers—not necessarily with one employer. If they don't see opportunities to learn, grow, contribute, and advance, they'll find them somewhere else. Research consistently shows that younger employees are looking for more than a paycheck. They want managers they trust, meaningful work, opportunities to develop, flexibility when possible, and a workplace where they feel respected, supported, and heard. Gallup reports that 87% of Millennials say professional development is important to their job satisfaction. Combined with growing expectations for work-life balance and a positive workplace culture, it's no surprise that organizations relying primarily on compensation to retain employees continue to struggle with turnover. The encouraging news is that leaders influence most of what keeps people engaged.  Managers who hold meaningful conversations, clarify expectations, recognize contributions, coach for growth, and genuinely care about their employees create workplaces where people want to stay. They build trust, strengthen engagement, and help employees grow, succeed, and see a future with the organization. Today's retention isn't driven by job security or loyalty alone. It's driven by a workplace experience where employees are growing, supported by leaders they trust, and confident their contributions matter. Download our Retention Conversation Guide to discover practical ways to strengthen trust, engagement, and retention—one leadership conversation at a time. Conversation is where leadership happens.