The answer to that question is straightforward: family-owned businesses. Here are 5 characteristics that family-owned businesses rely on to secure their longevity. A History of Higher Employee RetentionAccording to the Harvard Business Review, family businesses retain talent better than their non-family peers. The value that family-owned businesses place on their employees leaves them far more prone to go to extraordinary lengths to retain individuals—even amid a recession. When you go to work for a family business, you engraft yourself into that story.

Source: Forbes April 25, 2019 06:56 UTC