From the course: Strategic Human Resources

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A strategic benefits and compensation approach

A strategic benefits and compensation approach

From the course: Strategic Human Resources

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A strategic benefits and compensation approach

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- There are many research studies on what drives employee engagement. Interestingly enough, compensation is not usually at the top of the list. But as an employee yourself, you know that people do care about how much they're paid. You also know the market can fluctuate like crazy. And sometimes compensation and benefits is at the center of recruiting and keeping talent. You could go online and see what the average worker in your industry is paid, but that won't drive organizational performance and it's not strategic. So let's look at some other options for setting up employee compensation. You might start by surveying employees to find out what they want. Do they want some money for daycare? Or would they rather get a few more vacation days each year? Do they want a 401k or a health club membership? There are so, so many options outside of compensation to keep employees excited and engaged. Do some internet research and…

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