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How to Retain High Performers When You Can’t Offer Big Raises
More Than Just Task Management
17 minutes
1 month ago
How to Retain High Performers When You Can’t Offer Big Raises
As a small business owner, you may not always have the resources to compete with corporate salaries, but that doesn’t mean you can’t keep your best people.
In this episode, Anna Angelova and Jores Minasvand share how to retain top talent even when money isn’t your main lever. From meaningful work to growth opportunities, they explain what truly motivates high performers and how to build a culture that keeps them engaged.
You’ll learn:
Why money is often fifth on the list of what A-players value most
How to challenge and empower high performers so they stay motivated
Why recognition, meaningful work, and growth opportunities matter more than salary
Creative compensation alternatives like flexible schedules or extra training
The risks of over-praising and how to prevent egos from getting in the way
How to design win-win incentives that tie personal goals to business success
If you’ve ever worried about losing your best people because you can’t match big paychecks, this episode will show you how to retain them with leadership, culture, and creativity.
Want to continue the conversation and learn how other founders retain their best people? Join the free Visionary Founders Club: https://leficomp.com/vfc