To Retain Talent, Don't Just Focus on Salary

The fact that today's job market is loaded with openings poses a challenge for employers: It becomes more difficult to retain talent when outside opportunities abound. If your company is looking to improve on the employee retention front, you may be inclined to reexamine your compensation strategy and work on sinking more resources into employee salaries. But a new CareerBuilder survey indicates that you may be better off equally focusing your efforts elsewhere.

These days, a respectable salary only goes so far when it comes to retaining or attracting talent. In fact, other than salary, workplace benefits and commute time are the most important factors workers consider when applying to jobs.

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