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BizReport : White Papers : Human Resources

Optimizing Total Compensation: Effective Approaches to Avert a Retention Crisis

When aligned with the corporate culture and designed to achieve company financial objectives, a total compensation program can encourage employees to feel vested in the journey and can improve retention. This alignment helps an employee understand how his or her work can create personal success and drive financial results for the organization. To create alignment with employees, an organization needs the flexibility to address retention challenges, as well as the technology to support the variations necessary to motivate every employee. Above all, an organization needs to empower managers to become key allies in the fight to retain employees.

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