employee benefits
E569: Employee Compensation Packages
Attract and retain the best employees with creative compensation packages.
- Compensation packages
- The pay plus benefits
- Common benefits like healthcare, vacation, retirement, etc.
- Creative benefits like flex time, break room snacks, discount programs, work from home, etc.
- The traditional approach makes us ordinary
- Most companies follow the “keeping up with the Jones” approach
- They base their pay rates and benefits on what others do
- If that’s all you do you end up competing with everyone else
- Elite organizations go beyond the traditional compensation
- Studies show top performing companies are often the top paying in their industry
- The real performers go beyond traditional pay rates
- Get beyond your pay and benefits and find ways to compensate your employees
- Flexibility / time off / work from home
- Industry training and advancement plans
- Wellness programs
- The key is to make your employees feel they are part of the organization and they have a future
- Studies show top performing companies are often the top paying in their industry