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Talk of employee compensation is everywhere!
The pressures of inflation, industry peers resigning for more money, new pay transparency legislation – the list goes on (and dominates the news cycle).
Even employees that seem satisfied at work may be reconsidering all of their available options.
From an employee point of view, compensation is not simply a source of economic livelihood, but it shapes their perception of fairness, it becomes a component of job satisfaction, and it serves as a measure of job status when comparing themselves to other workers.
Why should your organization take an in-depth look at your total compensation and benefit offerings?
These things have a HUGE impact on your
- recruiting,
- retention,
- engagement, and
- your overall reputation!
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