The top three reasons employees leave boil down to money, lack of career growth, and a feeling of not being valued. And employees will leave. In fact, research shows that employers underestimate that employees are searching for a new job by nearly 2:1. In reality, an average of 65 percent of employees are searching for a new job—a fact that can cause you time, money and interruptions in customer service and/or productivity.
A special caution—when you overlook one of the parts of the equation, you eventually find yourself dealing with one – or more – of the pain points. As your business grows, if it doesn’t have a structure or system in place for those three important elements – compensation, benefits and performance management – it leaves itself open to all sorts of risks. Read list
Over time, all that really results in something much more serious: a company that isn’t performing to its potential because its employee’s goals aren’t synchronized with the company’s measure of success—which eventually leads to lost customers and lost market share.
We’ve developed this company specifically around providing those important elements of the equation. We have specific expertise and a proven track record in helping ensure competitive compensation packages, comprehensive benefits programs to meet a wide employee base, and systematic performance management programs that allow you and your employees to jointly manage their career development.
With the right components of the equation, you can reap total rewards for both your company and your employees. Review rewards that come with effective compensation, benefits and performance management strategy.
Creating Total Rewards that Drive People and Business Excellence