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!
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