Remuneration and Talent Management by Mark Bussin

Author:Mark Bussin [9781869225209 ]
Language: eng
Format: epub
Publisher: Knowres Publishing
Published: 2014-11-10T00:00:00+00:00

Considering the extensive business benefits of engaged employees, and the significant harm actively disengaged employees can cause, employee engagement has become a prominent agenda item for executive teams in leading organisations. Employee engagement should not be viewed as a Human Resources initiative that managers are reminded to do once a year. It is a key strategic initiative that drives employee performance and continuous improvement all year long.

7.4 EMPLOYEE ENGAGEMENT STRATEGIES FOR TALENT

Much has been written about attraction, retention and motivation of talent. Research consistently reveals that pay alone is not the answer to ensuring that all three categories are adequately addressed. What this research does tell us, though, is that getting the balance right between these factors is key to creating an environment that engages employees, an outcome that most experts view as the zenith in retaining key talent.

This is not to say that successful organisations are taking their eye off the ball when it comes to financial rewards. Recent research has shown that in terms of attraction, pay is still the number one consideration. However, pay is less significant when it comes to retaining and motivating employees, as shown in Table 7.1.

Table 7.1 Variables that influence the attraction, retention and motivation of employees

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