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<i>Dear Workforce</i> How Do We Earn Employee Loyalty When More Money Isn&#8217;t Enough

October 24, 2006
Related Topics: Retention, Dear Workforce
How do we earn our employees’ loyalty--and more importantly, preserve it? Our bank has lost a number of key employees to competitors during the past five months. We were prepared to match the departing employees’ competing salary offers, to no avail. We want to stem the tide, but we aren’t sure if these defections are based in a lack of company loyalty, or if we’re losing out because our competitors offer better jobs, better opportunities for advancement or a better working environment.
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