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.
Article Continues Below
Sponsored Content
5 Ways to Hire Like It’s 2021
We dug deep to learn what job seekers want from an employer for 2021. While there are more candidates seeking work, there’s also more competition among businesses for the most qualified people. Get the leading edge with this free guide.
The 2 things that jump out at me:
1–It seems 0% mention offering additional training or applicable educational opportunities; unless that is the 7% in the “Other” category. If Employers offer tuition reimbursement, they can tie in repayment penalties if an Employee leaves too soon after the benefit is granted.
2–I am amused at the 31% that fall into “None of the above”. Good luck to them!