Final answer:
Higher job performance often encourages employees to remain with an employer due to Efficiency Wage Theory, were better pay leads to increased productivity and decreased turnover. Additionally, opportunities for growth, career advancement, and a supportive work environment can make employees feel valued and more likely to stay.
Step-by-step explanation:
Job performance is a critical factor that contributes to an employee's decision to stay at a job. The Efficiency Wage Theory suggests that higher pay can lead to greater employee productivity, as workers recognize the value of maintaining their current employment over the risk of losing it and facing a potential salary decline. Employees are thus incentivized to perform well and remain with their employer. Additionally, higher wages can lead to a decrease in the employer's costs related to training and hiring due to higher employee retention. Unionized workers often exhibit greater productivity and job longevity for similar reasons, as unions commonly provide higher wages, job training, and apprenticeship programs that contribute to skill development and job satisfaction.
It is also important for employers to provide not only fair compensation but also opportunities for personal growth, professional development, career advancement, and a supportive work environment to keep employee morale high and encourage them to stay.