By Megan Foster, Director of People Operations at Xevant
The pandemic fundamentally scared companies. For the first time in a number of years, companies were scrambling to hold onto staff and watching a growing wave of vacancies erode any capacity for production, even after forced separation was no longer required. Some corporations even went so far as to continue to pay employees during their time off in order to prevent them from becoming available on the market and getting hired by a competitor.
For years, compensation was the most reliable and easiest motivation to hold onto valued employees. However, as new generations, such as millennials and even younger, started joining the workforce, much more than compensation started to be considered in order to retain valuable skilled employees.
