“HR Heretics” | How CPOs, CHROs, Founders, and Boards Build High Performing Companies Tucking In Top Performers
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Feb 14, 2025 Retention of top performers hinges on more than just salary; authentic appreciation and recognition play crucial roles. Strategies that eliminate compensation anxiety lead to stronger relationships with these key employees. Transparency in pay and thoughtful, personalized treatment can enhance loyalty and morale. The discussion also touches on how AI tools like MetaView can streamline recruitment processes, fostering more genuine interactions between candidates and employers.
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Mixed Signals in the Job Market
- Nolan Church noticed a trend of high offer acceptance rates alongside reports of low compensation offers.
- A friend felt undervalued despite verbal praise, highlighting the disconnect between words and actions.
Express Appreciation Verbally
- Explicitly tell top performers they are valued and among the top 1% of employees.
- This simple act of recognition can significantly impact retention and costs nothing.
Compensation Is Necessary, Not Sufficient
- While necessary, compensation alone isn't enough to retain top performers.
- Qualitative appreciation, like verbal affirmation, is crucial but must be paired with fair compensation.