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Why Is It So Important to Communicate Total Rewards?

HRsoft

While compensation may indeed only be one piece of what works to attract and retain employees, it is quite a significant piece. In order for employees to understand their value in the organization and the fairness with which you’re compensating them, you must become transparent about rewards. Employees are Dissatisfied.

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Link pay to performance. Like…seriously this time!

Compensation Today

Crystal Spraggins, SPHR When PayScale asked more than 5,500 business leaders the main reason their companies adjusted pay in 2015, 52 percent answered "employee performance." 95 percent of managers are dissatisfied with their companies’ performance man-agement process. What other compensation strategy does all that?

article thumbnail

Why Is It So Important to Communicate Total Rewards?

HRsoft

While compensation may indeed only be one piece of what works to attract and retain employees, it is quite a significant piece. In order for employees to understand their value in the organization and the fairness with which you’re compensating them, you must become transparent about rewards. Employees are Dissatisfied.