Final answer:
Employees tend to stay at a job due to high job performance, which is influenced by competitive salary and benefits, opportunities for growth and development, and career advancement.
Step-by-step explanation:
Job performance has a significant impact on why employees may choose to remain at a job. Factors such as salary and benefits, growth and development opportunities, and the possibility for career advancement play key roles in an employee’s decision to stay with their current employer. The Efficiency Wage Theory suggests that employees who are paid more than the market rate are often more productive, as they appreciate the higher salary and hence are motivated to both perform better and retain their position.
Additionally, employees who stay longer with a company become more experienced and incur lower costs in training and hiring for the employer, further incentivizing companies to offer better salaries and benefits. Unionized workers tend to have higher job retention and productivity as well, partly because unions tend to provide higher wages and additional job training and apprenticeship programs.