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There’s more to keeping talent than paying the best salaries. According to Fortune magazine building the kind of workplace where employees feel valued is just as important.

The story quotes Catherine Hartmann from Mercer who says: “When a company can’t throw cash at its best employees managers should instead lavish their stars with a promising future and have frank conversations with workers about how to keep them motivated and what skills they would like to develop to make them more valuable in the job market.”

Later in the story Fortune reports people want “meaningful work”. Apparently this is even more important in tough economic times.

And of course there’s “intellectual autonomy” – always a key to keeping knowledge workers engaged.