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Cafe Classic: Keeping Them Is Cheaper than Finding Them

Compensation Cafe

Editor's Note: Given today's labor market dynamics, Derek Irvine's Classic post on compensation and retention is a important as ever. Retention isn’t a common theme on Compensation Café , but the association between retention and compensation goes far beyond “paying people enough money to get them to stay.” 59% of US companies have problems attracting critical skill employees (up from 52% in 2010 and 28% in 2009). What does all this have to do with compensation?