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Why Paychecks Aren’t Enough

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Don’t be fooled by all their late nights and hard work: Your employees WILL leave you. And if they come from underrepresented groups, they’ll probably leave faster.

With today’s average tenure of employees down to two years or less, employers need to take it up a notch if they want retain top performers. And that means offering more than a paycheck.

To keep your best and brightest staffers—especially women, Blacks, Latinos, Asians, American Indians, LGBT people and people with disabilities—you’ll need to foster a diverse and inclusive workforce that invests in developing its talent.

“Retention Best Practices:Why Paychecks Aren’t Enough” outlines five best practices from several companies that have been recognized as The DiversityInc Top 10 Companies for Recruitment & Retention. Companies include Sodexo (No. 2 in the DiversityInc Top 50), KPMG (No. 22) and Wells Fargo (No. 33).

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Readers will learn valuable insights such as:

  • How Sodexo uses six resource groups to their fullest extent
  • Why strong formal mentoring programs are on the rise at KPMG
  • Why Wells Fargo makes leadership training an integral part of its corporate culture
  • Which online tools helped KPMG to enhance its employees’ career paths

Read Recruitment Best Pracatices: Why Paychecks Aren’t Enough.

For more talent-development and mentoring strategies to retain employees, read Networking & Sharing on ERGs, Diversity Councils, CEO Commitment, Talent Development, Mentoring.

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