Retention & Remuneration

Hiring good employees is one thing; retaining them is quite another. To avoid high labor turnover, many employers resort to high salaries. But what really motivates workers to stay at a given job?

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Article

Linda Marsa

Nautilus, 5/2016

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Jodi Kantor and David Streitfeld

The New York Times, 8/2015

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Jessica Shortall

The Atlantic, 4/2016

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Keith H. Hammonds

Fast Company, 8/2005

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Josh Dzieza

The Verge, 10/2015

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Dave Jamieson

Highline © 2015, 11/2015

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Report

Darrell M. West

Brookings Institution, 2015

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Charles Lister

Brookings Institution, 2014

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Michael Grabell and Howard Berkes

ProPublica © 2015, 3/2015

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Retention & Remuneration

OK, so your company excels at landing prized talent, but what about the other half of the equation? Are you successful in retaining your best employees or are they merely biding their time waiting for the next best offer? Though many of the summaries in this category detail the correlation between your retention rates and remuneration – the manner in which you compensate your workers – you’ll also learn that employee satisfaction goes far beyond monetary rewards.

getAbstract will demonstrate why employees place a high priority on being acknowledged for their hard work and accomplishments. You’ll understand why retention strategies that embrace employee recognition and appreciation tend to be more effective than those that focus solely on cash incentives. Many of our satisfied clients, in fact, have boosted their retention rates merely by tapping into getAbstract’s deep knowledge base.

Culture Counts

In summarizing the leading books on retention and remuneration, our writers explain how the most successful companies promote a culture that encourages innovation and risk-taking. Employees who aren’t afraid to make mistakes are more creative and generally report a higher level of job satisfaction. Employees also value organizations in which they have an opportunity to display leadership qualities and managerial potential. You’ll also learn about the downside of high employee turnover and the fearsome financial toll it can take on your organization.

If you’re struggling to retain employees or you’re unsure about the best ways to compensate them, getAbstract certainly can point you in the right direction. It’s what we do.