We know these truths to be self-evident: that the success of any company is directly linked to the satisfaction of the employees who embody that company; that retaining talented people is critical to the success of any organization; and that no matter how temporarily challenged the economy may be, ultimately, a company’s most talented performers always have other employment options. So how do companies keep their most valued human resources?
It is tempting to answer that question with pay and benefits. Of course, a company’s pay and benefits must be competitive. But, it is not necessary and it may not be sufficient to just be the market leader in traditional compensation. Employees are motivated to stay or go by more than pay and benefits.
