Incentive compensation that motivates
Motivational incentive compensation can help companies meet their goals during challenging economic times, as well as when times are good.
Many HR professionals struggle with getting recruitment right. It’s easy to recruit the best and brightest if everyone knows your company is an excellent place to work. A 2016 SHRM/Globoforce Employee Recognition Survey showed that 36% of businesses cite employee retention as a top workforce management challenge. In order to focus on employee engagement, HR departments need to work with executive leaders to create better work cultures, improve retention rates, build new wellness and benefits packages, implement new technologies, and empower their workforce.
According to a 2015 LinkedIn worldwide survey of HR professionals, the three biggest obstacles for recruiting top talent are: finding candidates in a high-demand job pool, agreeing on compensation, and facing competition from employers.
By monitoring your talent recruitment process and offering opportunities for professional development, you will naturally attract talented employees, as will those HR managers who go the extra distance to help new hires grow professionally within their roles.
If you want to recruit the best talent :
Motivational incentive compensation can help companies meet their goals during challenging economic times, as well as when times are good.
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