Clarify Your Why
Upper level management must go beyond talking about "what it is they do as a company," and begin talking about "why it is they do it." Employees are less drawn in by the amount of money they make, but the beliefs and purpose of the company they work for. Why does your company exist? Apple is a great example of a company that talks about their "Why" first and their "What" last. Apple's "Why" is about always challenging the status quo. They believe the more they challenge the status quo, the better they will become as a company. And so far they have been correct.
Employees need to be inspired by what a company stands for more than what a company makes and sells. The goal should not be to hire people who need a job, but to hire people who believe what you believe. If employees believe in the company it inspires them to be more creative, work smarter and recruit others for you.
"There are leaders and there are those who lead. Leaders hold a position of power or influence. Those who lead inspire." Simon Sinek, 2009