This reminds me a bit of the needs of humans.
Once managers "got it", we were able to improve results.
If we remember that a sustainable business includes People, Purpose and Profit.
And the needs people have - summarized in the 4 L's. (In Stephen Covey's book - "The 7 Habits of Highly Successful People"
Leave a Legacy
You might start with this short checklist -
A paycheck to live is something
But it is appreciation, learning and how they make a difference that keeps them inspired.
This also reminds me of the book Linchpin by Seth Godin. Are you hiring cogs or linchpins?
You can also think about whether the people you are hiring are in the right seat. Here is a place their Core Value Index can be found - in 10 minutes.
This is the free version.
Hiring, team building, the right people in the right seats, remembering the 4 L's, = might be a consideration.
In my mind. A viable business model includes people. Unless you are thinking about robots and AI. :)