In order to keep top-performing employees, offering competitive pay and opportunities for advancement are not enough. According to Scott Rivers, president and managing partner of Cerca Talent, a robust employee retention strategy includes proactive recruitment of great people, fostering product development and innovation among employees, and safeguarding team culture. Rivers emphasizes that once the basics are covered, employers should consider incorporating often-overlooked strategies to elevate their employer brand and retain talent. He also notes that managers must constantly evaluate and adapt their retention strategies as it is not a linear process.
Keywords: employee retention strategy, top talent, recruitment
Summary: Offering competitive pay and opportunities for advancement are not enough to keep top-performing employees. A robust employee retention strategy includes proactive recruitment of great people, fostering product development and innovation among employees, and safeguarding team culture.
Scott Rivers suggests that companies need to go beyond the bare minimums of offering competitive pay with opportunities for career progression in order to retain talented staff members. Instead, he believes that businesses should focus on fostering an environment where talented individuals can do their best work by