Employees Are Walking Away From Higher Pay. Here’s Why HR Didn’t See it Coming

Compensation still matters, but for many employees, benefits are doing the real work of retention.

BY NETTA JENKINS, FOUNDER, HIC; WORKPLACE CONSULTING FIRM | AUTHOR OF SUPERCHARGED TEAMS

Illustration: Getty Images

For decades, compensation was treated as the ultimate lever of attraction and retention. Pay people more, and they stay. Pay them less, and they leave. Simple. Except it isn’t. 

Today, many employees are quietly making trade-offs that HR........

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