Effective Strategies for Retaining Talents: Optimization of Salary, Welfare and Incentive Mechanism

Abstract

In China's socialist market economy, talent as a factor of production, its status and role is increasingly prominent in the development of enterprises play an increasingly significant role. Especially in the era of knowledge economy, it is self-evident that talents are the core element for the survival and development of enterprises. However, under the condition of market economy, brain drain has become a big problem our enterprises are facing. Based on the compensation, welfare and incentive mechanism, this paper analyzes the impact of brain drain on the development of enterprises, and puts forward some effective strategies.