The most successful corporations have leadership teams in place that know how to find and keep the best employees. In the following Q&A, Douglas Battista offers up insights on how even small companies can keep their talent pool full.
Q: How important is compensation?
Douglas Battista: Money is the reason most people work, so keeping great employees means paying them well from the beginning. Companies that pay 10-20 % above “market” rate for the best people tend to have lower turnover ratios and employees who report better workplace morale. However, money isn’t everything. Growth opportunities, benefits, and flexible schedules are all non-financial incentives to help attract – and keep – top talent.