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In order to stay competitive, it’s essential to understand how your competitors are addressing today’s compensation challenges. Most organizations rely on survey data to ensure their rewards programs are on par with the market and utilize a number of published surveys for reference. But in the compensation industry, one size rarely fits all, and HR departments sometimes must seek other options to get hard-to-find, unique data to solve complex compensation issues.
With the Major League Baseball All-Star Game approaching in July, it’s an appropriate time to consider your own All-Stars and identify any issues surrounding the retention and motivation of your top performing talent. With this group, the focus should be on increasing employee engagement and developing programs that make it easier for employees to be successful. With a commitment to creating greater levels of engagement, employers must provide clarity and show a direct link between the levels of employee performance and total rewards. The more employees understand this relationship, the more success the organization will realize.