How to Recognize & Reward Employees: 150 Ways to Inspire Peak Performance, Second Edition

Chapter 2. Retain Your Best Employees and Recruit Top New Talent

There is a paradox confronting most organizations today of how to maintain a lean workforce by downsizing when costs rises and/or sales decline, while at the same time retain key employees and crucial skills without any promise of long-term job security. Not that most workers expect that kind of security now, but without it what is to keep them from jumping ship first, from moving on at the first prospect of a few more dollars or a new work challenge?

In fact, most companies rate retaining and recruiting as their number one personnel issue. The question is: What do you give talented workers to make them want to join your organization and stay there as long as you have work for them ...