What are the key ways employers can help keep employees happy and on the job?
There are four main categories that need to be addressed to retain — and motivate — employees: • Competitive compensation • Competitive employee benefits • Family-focus benefits and other perks • Career planning In each of these areas, the employer needs to have up-to-date information about two things: the competition and the employee. How can an employer make sure that the salary is competitive? The first step is to make sure the employee has a concise job description. You also need to look at the competitiveness of the bonuses and raises. Are you on par with your competition — or under? If you are under the average compensation for a particular job description, what other advantages do you have over your competition? If the salary is close or equal for your employees and those of competing companies, what usually tips the scales — in terms of an employee staying or leaving — resides in the three other areas. Your second category, employee benefits, is usually a hot button for many em
