In a recent survey of human resource professionals, 35 percent of respondents indicated that their top challenge in the coming years is to find, motivate, and retain top talent.
What steps are you taking to build a quality workforce and improve employee retention? Are your employees aware of the value and benefits you are providing?
One way you can attract and retain quality employees is with the total rewards concept. Ultimately, the outcome of a total rewards approach is to provide each individual with a combination of monetary and non-monetary rewards to motivate them to maintain desired business performance.
This article outlines some elements of a total rewards program and includes tips for implementing this concept in your workplace.