X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
man with phone (Photo: Shutterstock)

Hiring and retaining the right talent has become more challenging and often leads to countless sleepless nights for senior management. But it is definitely worth the hardship – a top performer in an organization can deliver up to 400% more productivity than an average employee, according to the Harvard Business Review.

A company’s compensation package is an expression of its overall reward philosophy. However, monetary compensation is not the sole factor that influences and retains top talent. The nature of the business, life cycle phase of the organization, average workforce age, and location often dictate the prioritization of compensation plan elements.

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.