Money doesn't cut it

With prices rising, the job market wobbling and money increasingly tight, you'd have thought hanging on to your best and brightest workers would be simply a case of throwing more money at them. Think again.

A CEO poll conducted by Vantage Research determined that executives were most worried about talent shortage among other business issues.

This latest survey shows that the number one business practice - open communication between management and employees - was mentioned nearly twice as frequently as receiving raises

Among employees, personal growth turned out to be a major motivator to stay with an organization. Employees were looking specifically for clear steps of advancement in their careers. Clearly communicating corporate values and vision also turned out to be a major factor in making employees feel like they belong to an organization.

Link to article here.