Talent retention when pay increase offer is not enough

The economic uncertainty has complicated how human resource (HR) managers retain talent. Years ago, to hang on to good talent, most organisations would give substantial amounts of money and promotions to would-be-resigners.

However, counter-offers for those threatening to leave are becoming fewer and several organisations are losing their best talents to those that can pay more salaries and offer better perks.

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Note: The results are not exact but very close to the actual.