The need to think beyond just compensation With the IT industry having an optimistic outlook for the year ahead, the competition between organizations for attracting and retaining talent is going to be high. Hence apart from just direct compensation, programs like work-life balance, career development and performance management are crucial business responses for the ever changing workplace. Organizations that are interested in maintaining a diverse workforce, retain experienced and knowledgeable employees and attract new talent cannot afford to overlook the value such programs bring to balance the concerns of today’s workforce. In fact many organizations have already started using initiatives like flexi-timings, extended maternity/paternity leaves, Management development programs, job enrichment etc. to help recruit and retain employees. Senior Management and HR practitioners can affect employee engagement and retention by first understanding the other things an employee values, apa...