Providing Your People With a Higher Psychological Payoff

September 15, 2016 | By Mike Ryan

Attracting and retaining the best employees has become the biggest competitive challenge companies are facing today. Yet, an increasing number of employees are leaving their current employers in favor of new ones.

Why can’t some companies hold on to people? Why can’t they curb the seemingly relentless turnover? The answer lies in understanding the psychological value of compensation.

In this month's Performance Perspective, we explore:

• How to provide your people with a higher psychological payoff

• Understanding if your compensation is complete

• Finding ways to make work more meaningful

• The significance of forging friendships and sharing successes