Top talent without top pay

Recognition, challenges valued by star performers
By David Neilly
|Canadian HR Reporter|Last Updated: 10/03/2008

Just as it is possible to tastefully decorate a home on a modest budget, employers can attract top talent on a limited compensation budget. However, this requires greater creativity in the design of workforce and workplace programs and more effective execution of these programs than wealthier competitors. Time and money spent wisely in the workplace are ultimately more effective than throwing money at top talent.

Here are three viable strategies for attracting and retaining top talent without paying top salaries:

1. Create a superior experience