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The company decides to focus on utilizing the creativity, skills, and knowledge of its employees to achieve their long-term goal of becoming a leader in corporate sustainability. To accomplish these goals, the company needs to retain their top talent. The CEO asks the CHRO to develop a retention strategy and wonders if of fering substantial pay increases will be necessary. What suggestion should the CHRO make?
Correct Answer: D
The CHRO displays the communication competency by not assuming that the rate of pay is the only thing that motivates employees. Instead, the CHRO seeks to develop an understanding about what employees truly want. Focusing company resources on what truly motivates employees will be more successful in retaining them than just increasing their pay. An employee survey and interviews will be a good foundation to develop a successful retention strategy.