SilverBlog

Wisdom from our industry experts and our SilverLink magazine.

 
 

Blog Tag: recruitment

Executive compensation plans can attract and retain great leaders, drive individual and business performance and reward results. Therefore, company directors, compensation committees and HR leaders need to invest time and energy to develop their plans. A successful plan should keep top talent in key positons, motivate performance and remain fiscally responsible. While designing an effective plan does require effort, the payoff is worth it. We’d like to outline some general steps you can take to start the process.

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Attracting and retaining good employees in today’s tight labor market can be a challenge. While competitive pay and good benefits are important, job seekers want the total package. They are looking for the ideal work environment – which includes work-life effectiveness. Total rewards strategies have traditionally focused on compensation and benefits, but it’s time for a change. Employees have expressed a desire for a healthy balance between their professional and personal lives, and that’s only possible through you – their employer.

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Today’s competitive job market has been amplified by the nearly 10,000 Baby Boomers retiring daily.¹ Couple that with a record low 3.9% national unemployment rate and it’s not surprising
that applicant pools are looking rather thin. As the demand for qualified candidates increases, developing a strategic recruitment process is imperative.

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