From the course: Strategic Human Resources
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A strategic benefits and compensation approach
From the course: Strategic Human Resources
A strategic benefits and compensation approach
- 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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Contents
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A strategic recruiting and onboarding approach3m 1s
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A strategic performance development and management approach3m 5s
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A strategic learning and growth approach3m
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A strategic employee experience and organizational culture approach3m 6s
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A strategic DIBs approach to human resources3m 2s
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A strategic well-being and flexible work approach2m 48s
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Software, apps, and metrics3m
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A strategic benefits and compensation approach2m 47s
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