The 2024 Engagement and Retention Report reveals that compensation is the top reason for job hunting for the first time in six years, driven by economic struggles. While pay is crucial, emotional salary, defined as non-monetary rewards like culture alignment, recognition, and relationships, is essential for retention. Employees who feel supported and valued are less likely to leave, even if their salaries are below market rate. The report highlights the importance of a whole-person HR approach to meet employees' financial and emotional needs, ensuring engagement and retention across various industries globally.

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