In today’s competitive market place, holding on to your employees is not always an easy task. Recruiters are constantly looking to take away your top talent, regardless if he or she is actively looking for a new position. The trick to employee retention is figuring out what motivates the individual to stay. The old train of thought was to either promote your talent or increase her salary, however in today’s world of trying to maintain an enjoyable quality of life along with a comfortable work-life balance, money is no longer the sole answer.
So what is the answer?
I am sure it still varies from one individual to another, however I recently came across this article that outlines a few effective ways to insure that the talent you hire stays within your firm for the long haul.