What is the best way to Retain Talent : Giving Higher Salary ? or Giving Higher Responsibilty?

Higher Responsibility, Higher Job satisfaction and reasonable salary.

Yes you are right.

Responsibility change your charactor

Its always higher responsibility. more responsibilities and the ability deliver the same will automatically attract higher salary. and if salary is high then higher responsibility will automatically come. both go hand in hand and mutually complimentary.

The learning curve of the employee will only increase with higher responsibility and so will the respect, growth,visibility and mutual satisfaction of both the employer as well as the employee.

After certain salary incerement and a certain experience (usually about 10 years), salary doesn't matter much for an employee. Then he/she look for more responsiblities, more challenging work at his/her workplace.

After a certain point, salary is passe. What is it that really works is higher responsibility. Again, at a senior level, work is not really "given" - it is taken. The execute must be allowed to define his own work, enlarge its scope. Management must then support him/her by proper infrastructure required for the new work that has been "created" by the the executive.

Higher Respomsibility will give more exploration of talent.

Responsibility coupled with good timely incentives can retain talent to a great extent. I personally feel that in today's scenario talent without remuneration does not go hand in hand, therefore any timely action relating to appraise the talent is equally important as to retain them. In a way it will also show the commitment towards the responsibility shown by the management.

Higher responsibility generates enthusiasm and gives a feeling of fulfillment. One feels elated by seeing his ideas being put to shape through the organisation.

yes, it is true that everybody is working for money and moves towards higher salaried job.however, money doesn't always make sense..people today are more keen towards job satisfaction .they wants higher responsibilties within the organisation so that they can put their ideas independently on to the desk.

so, to retain talent, cmpnies should make their employees realise that they are given responsibilities according to their respective talent, along with a good salary.

thanks :)

Of course, people are working for money. But, there is something beyond salary in our life. To show the real metal in you (the question is "Are you platinum or zinc?"), you need opertunities. So better giving more responsibilites to a person who is fit for something. Here for this debate, the question is "What is the best way to Retain Talent?" not "The best way to make a person happy". So I think the answer for the question is "Higher responsibility".

The purpose of human life is to make a difference for themselves and others by contributing constructively to the communities they participate in. This is always connected to a development process where they excel compared to earlier contributions. If you want to keep them help them grow as a person and as a professional. Salary can give you feedback on your contributions to the community. In high performance teams everyone are happy when someone is successful, becuase they helped her to become a success. So a good salary systems should reward team contributions. Many people excel in making others people the protagonists. But the protagonist gets most of the money. 

I would always say that a man works more for recognition, and if he achieves that the money will come automatically .. so if the organization gives an employee the accountability and Recognition he deserves a below average salary will also not make him leave the organization