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When people choose not to work somewhere, the somewhere isn’t a company, it’s a team. If we put you in a good team at a bad company, you’ll tend to hang around, but if we put you in a bad team at a good company, you won’t be there for long. The team is the sun, the moon, and the stars of your experience at work. As Edmund Burke, the Anglo-Irish writer and philosopher put it as far back as 1790, “To love the little platoon we belong to in society is the first principle (the germ, as it were) of public affections.”

When we push on the data, and examine closely its patterns and variations, we arrive at this conclusion: while people might care which company they join, they don’t care which company they work for. The truth is that, once there, people care which team they’re on.