By Alexandra Powell, Director of Client Culture and Engagement at Reward Gateway
According to a recent survey, 42% of employees are looking for another job. With this alarming statistic in mind, leaders are turning every which way in the era of what we call The Great Adjustment to understand exactly how to retain their top talent.
There are three puzzle pieces that can be powerful elements in retaining critical talent, and you may be surprised to hear that one of them is not salary. While a pay bump is always nice, it can put a company in a bind to put in place a mass pay rise while budgets and plans are still fluctuating in an ever-evolving world.
Leaning on our 10-step strategic framework to employee engagement, The Engagement Bridge™, we like to look at the top three elements of the bridge to keep your star players: Job Design, Learning and Recognition.
Click here to discover three steps that go alongside these elements to retain employees.