Attracting and retaining great talent is one of the foremost strategic challenges for every business, regardless of size or industry.
Indeed, research has shown that one excellent employee can replace three good employees.
What can you do in this respect?
Compensation happens to be one of the largest expenses of any company, so it’s of paramount importance to take the same pool of money, but produce a greater ROI, to convert an irritation into a strategic driver of results. Forward-looking compensation schemes are critical to your company’s success.
We invited Verne Harnish, Growth Institute’s Principal & Co-founder, to guide you through the Five Design Principles that should form the foundation for your compensation scheme. Verne leads the world-renowned Entrepreneurs’ Organization (EO), with over 16,000 members worldwide, and is the author of the bestseller Scaling Up (Rockefeller Habits 2.0) which has been translated into 22 languages and has won eight major international book awards.
Listen to this episode of Conversations at The Edge with Verne Harnish to discuss the keys to attracting and retaining the best talent out there.