Salary hike losing sheen, T&D's the key to retain staff

NEW DELHI: Education and retention go hand in hand. That's what companies across Asia Pacific are discovering. As many as 64% of employers in the region are investing in training and development as an incentive to retain staff as compared to only 27% of employers using base salary increase as a strategy to retain employees. Non-cash incentives such as customer service awards were used by 43% followed by annual cash incentive by 34% of the employers, says a Mercer study on Total Rewards in the Asia Pacific region.