North America is currently facing a retention epidemic. Organizations are constantly searching for solutions to keep their best and brightest employees on board. In recent years, they’ve even gotten creative with free lunches, smoothie bars, and yoga rooms.
But the appeal of these workplace perks eventually wears off, leaving organizations back where they started—with major retention issues. So, what’s the key to making employees stay? Many employers believe the traditional method of increasing compensation will do the trick, but they’re still missing the mark.