Cash bonuses 'don't mean everything'
UK organisations need to do more than simply offer their workers cash bonuses if they are to help retain the top talent, it has been claimed.
That is the opinion of Carol Wilson, managing director of Performancecoachtraining.com, who said that firms are finally realising that job satisfaction, reduced stress and flexible working hours are also important in retaining top talent.
She explained: "Therefore, companies are interested in attracting managers who can motivate people and manage unified teams. This is becoming more important than knowledge, qualifications and skills."
Companies are looking for evidence of emotional intelligence and people who can relate well to others and enable them to reach their full potential, Ms Wilson added.
"They are looking for inspirational people who are interested in both their own development as well as the development of others," she explained.
Recently, research from the Chartered Institute of Personnel and Development found that three-quarters of employers claim a lack of leadership and management skills and too many managers have an inflated opinion of their ability to manage staff.
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