Is Monetary Compensation the Best Way to Agglomerate Employees in a Transational Hotel Company?

Assimilating a real-life situation and based on a fictional hotel chain in China, the case study presents a dilemma facing multinational companies that utilize financial incentives as the primary tool to attract and retain employees. When the firm is prosperous and can afford high pay, employees flow to work in the company. However, will these monetarily motivated employees stay with the firm and overcome the difficulties? When the company is in trouble. The case study sheds light on the observation that monetary incentives are not necessarily the only way to retain and attract employees, especially expatriate managers from various countries working for the same global company. Multi-compensation and turnover reduction strategies, including both monetary and spiritual rewards like honors, treating employees as big family members, and tenure systems, etc., could be adopted to agglomerate employees and sustain the business.