Retention Game

Finance magazine, a Moscow-based business weekly, devotes a feature article to the issues of retaining top personnel in financial institutions and companies serving the financial sector. Besides traditional tactics that work for Russian leading banks, including competitive salaries, top health insurance and flexible schedule, other important factors are career growth opportunities, self actualization of employees and acknowledgement by superiors and peers.

While all the tactics are used at DataArt, the company is highlighted for its stock options plan, where any employee is entitled to own DataArt stock options - after being with the company for more than a year. Eugene Goland is quoted as saying that this American approach works well with DataArt St. Petersburg based employees, who feel more involved with making the company profitable as its growth is reflected on the value of their personal assets.

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