By Mark Poerio, Kevin Conboy, Paul Conell and Ethan Lipsig
It takes more than well-crafted responses to these questions to develop an effective pay-to-stay strategy. Talent certainly needs to be retained, but on terms that work for the employer, too. Homespun remedies seldom hit the right balance. Expense and equity need to be managed, along with the emotions and expectations of employees who may very well be looking for reasons to move on. The high stakes should spur employers to shepherd their best resources to insure the “stay” that comes with the pay.