Money can't buy happiness--particularly with employees

摘要

Think giving your employee a generous raise will keep her loyal, motivated and less likely to jump ship? Don't count on it. "It's rarely ever about the money," says Andree Mercier, a principal with global human resources company, Hewitt Associates. "No matter what the generation, baby boomer or Generation X or Y, it comes down to three motivators: stimulating work, supportive management and work-life balance."These factors will not only help retain employees, but also recruit high-quality new ones. Canada's low unemployment rate, coupled with a large wave of retiring workers and a migration of skilled labour to Western Canada, has made finding and keeping talented people a No. 1 priority for many companies. This is even more important for small businesses where high employee turnover can wreak havoc with productivity and bottom lines.