Buck Consultants asked 91 companies what they're doing to retain top performers. In a nutshell:
New career development opportunities | 41% |
Market pay adjustments | 30% |
Larger base pay increases | 24% |
Larger bonus opportunities | 21% |
More non-cash recognition | 18% |
Additional company stock | 13% |
Accelerated or off-cycle base pay increases | 5% |
Accelerated promotions | 4% |
Greater retention bonuses | 2% |
Other | 7% |
None of the above | 31% |
Industry varied, as did company size. About 14% of respondents had less than 500 employees; 6% had 500-1,000 employees; 36% had 1,001 to 5,000; 14% 5,001 to 10,000; 31% more than 10,000.
Thanks to Todd Raphael / ERE Media, Inc.
http://www.ere.net/2011/05/12/whats-being-done-to-keep-good-people/?utm_source=ERE+Media&utm_campaign=6131b1af42-ERE-Daily-Recruiters-Drive-LinkedIn&utm_medium=email
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