Money alone doesn’t cut it

[BSClay]

What keeps employees working for your organization? Although competitive pay is essential, money alone isn’t what retains people, even in the current economic downturn. The top motivators:

1. Professional development. Give people the opportunity to learn new skills. It’s the No. 1 factor in keeping employees from jumping ship.

2. Coaching and feedback. Managers tend to think that the top performers don’t need help. However, they often benefit from feedback and guidance most. If they aren’t receiving feedback, they’ll likely believe that the company doesn’t care about their career.

3. Good bosses. You can offer every incentive under the sun, but the fact is people don’t leave jobs, they leave bosses.