With the news of further government intervention in banks' compensation practices, banks might be left wondering how to keep their top performing employees while still remaining competitive against their adversaries in less regulated countries. The Wall Street Journal offers some ideas in the following video that could help banks entice good people to remain in financial services once the allure of big money disappears.
Yet in some ways, money isn't everything when it comes to employee retention, according to some experts. This may or may not be a surprising statement. However, sometimes the intangible can be just as important to staffers as hard cash. Stay tuned to BS&T for more in-depth coverage on how to retain top performing workers in banks' IT shops on banktech.com and in our June issue.