What lies ahead for managing pay programs in the New Year?
I've jotted down my thoughts on five key reward strategies for 2012, and posted them over at the Compensation Cafe today.
Strategy number one is: Not Just Competitiveness - But Competitive Advantage! It's time we learn that creating a competitive reward program is not simply about mimicking the pay practices of your labor competitors - or about paying as much as (or more than) they do. It is about using the available reward dollars to create competitive advantage. It is about crafting programs and practices that attract the right workers to your company and engage them in making it successful.
Click over to check out all five - and share your thoughts on how we can achieve reward success in the coming year!
Image: Creative Commons Photo courtesy of recareered.com
Love the points about "crafting programs and practices that attract the right workers" Often companies attract anyone looking for money and a job. Then, they may need to pay for training for the new employee. However, if they had hired someone with experience or background in the field, the company would save money overtime! Which is what we love helping people do via our website, save their hard earned money by battling retail prices with coupon codes, promotional codes and exclusive sales! Like you, our methods help people to be "Not Just (be) Competitive!" But to gain an "Competitive Advantage" and stretch their hard earned money further!
Posted by: Find Online Deals! | December 31, 2011 at 12:58 AM
Great advice for the new year. Thanks. Hope its a successful on for you, too!
Posted by: HRMS Software | January 03, 2012 at 01:16 AM
on five key reward strategies for 2012,
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