By Dan Simmons
Do you know if you are making the cut as an employer? It’s the middle of the year and this is a good time to evaluate the compensation scale of your employees. While your employees’ compensation packages might have been good at the time of hire, time has passed since then. Goals have been exceeded, your team continues to work hard and a general flow has taken hold on projects and teamwork. It might be time to make sure these superstars of yours continue to work their hardest while remaining your company’s team.
The cost of losing one of your top employees far outweighs the cost of providing that employee with more compensation. In fact, it’s not even a cost it’s an investment. That employees skills, talent, and experience, will continue contributing in a positive fashion to the company’s bottom line. In all likelihood, the return on your investment will increase in accordance with the employee’s increase in compensation.
So . . . what are your employees worth? Are you expressing that worth through the compensation you’re providing? Your answers to those questions will ultimately have a profound impact on the success of your company through the rest of this year and into 2009.
If you would like a review of your current compensation structure on a consultative basis, contact us for more information.
Daniel C. Simmons is a Certified Personnel Consultant who has been recruiting since 1991. Dan has won over twenty awards in the last decade with the Top Echelon Network, America’s leading placement network including Placer of the Year in 2009 & 2010.
Frequently Dan also is a recruiter trainer and has been featured at various Top Echelon Conventions and online as a speaker for various webinars. He has also been published in The Fordyce Letter the recruiting industry’s #1 magazine.
Is Your Company Looking for Great Candidates? Contact Dan Today!