"A pay pocket alone is not adequate to attract and retain competent employees." Comment?

Based on Maslow hierarchy of needs,  or "a Theory of Human Motivation" after a while when an employee salary reaches very high money loses its value and you start looking for importance , challenges , scope to lead the company etc. This is at the highest end. At the lower end salary apart how employees are treated, what kind of new training is imparted, what is the company culture, how people are promoted to responsible positions etc matter more, that is explained according to Herzberg's theory about intrinsic and extrinsic motivation and its relation with job satisfaction. So If you lead a team or a company just pay attention to employee aspirations and try to satisfy their growth and development needs to sustain self esteem and fulfillment  .

very true. this question was already covered I feel so. Anyway it is one of component can say an important one to motivate and retain employee, but surely cannot be the one. In addition, work environment, career growth, job nature and interests are the few I can think of in addition to the emoluments for retaining the competent employee. Thanks.

a competitive advantage would be a professional allowance, travel allowances, travel tickets, training on job and out. 

if only pay pockets are enough to retain an employee there wouldn't have any separation. to attract a competent employee money is a vital part but to retain the same employee is different this require work environment, continuous learning and growth opportunities in terms of increasing skills set and recognition from senior management. this could increase confidence and thinking that at least present time no other offer can provide better place than this. 

I agree with the previous answers provided by the colleagues.

  After a while when your salary reaches very high money loses its value and you start looking for importance , challenges , scope to lead the company etc. This is at the highest end. At the lower end salary apart how employees are treated, what kind of new training is imparted, what is the company culture, how people are promoted to responsible positions etc matter more. If you lead a team or a company just pay attention to employee aspirations and try to satisfy these aspirations and when you cant explain why you cant then these employees will take you places. This is my experience as an entrepreneur.

Agree with expert answer =================

Thanks

I agree with Mrs. Ghada

Agree with answers ........................................

Attracting talent process and maintain Yes rely on wages but not alone but requires the provision of successful regulatory environment which achieved self-employees, such as the career ladder is clear, fair competition and the appreciation and respect and open opportunities for promotion and feel safe and open space for ideas, creativity and self-realization

Thank you for the invitation and I agree with the answer Ms. Ghada