When you get pay right you attract and retain the best talent
Compensation Best Practices
The overarching theme for the 2019 Compensation Best Practices Report is centered around the idea that it’s becoming increasingly challenging to attract and retain employees in today’s tight job market. This year, we find that nearly half of employers agree that the strong job market has increased their turnover rates. Meanwhile, retention tops the list of reasons for why organizations adjust their compensation strategy. To keep employees onboard in this market, it’s not enough to focus on any single element — you’ll need to get creative with every lever you have in the total rewards mix to motivate the behaviors and results you desire.