How to Motivate and Retain Key Employees

The ability to make objective performance, pay, and promotion decisions is a requirement to motivate and retain key employees. Inconsistent or subjective ratings by managers can erode employee loyalty and negatively impact the company's bottom line. Many companies have taken steps to eliminate this inconsistency by calibrating performance ratings, compensation, and succession decisions across the enterprise. But they still struggle because their current processes and tools are ineffective, complex, and time-consuming.

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