In today’s fiercely competitive job market, being “attractive” to employees means taking advantage of every opportunity to engage and highlight your organization’s value so you can retain and attract the right talent. Individuals are no longer simply looking for a job; they want to be your fans, but they have to know what’s in it for them ― WIIFMs!
There's a saying in my family "[Name] is getting cranky. Pass the nuts." (And, yes, we have packets of nuts in purses and cars!) In today’s busy lives at work and at home, it’s easy to put off eating. But, low fuel can translate to being unproductive, potentially unsafe and simply unpleasant to be around.
Picture this: John, one of your most talented junior managers, has had a number of life changes recently, both happy and challenging. He’s gotten married, moved into a new condo, and has started caring for an aging relative. He’s got a lot on his plate, personally, professionally, and financially.
Designing pay plans that fit with your budget and are also robust enough to attract the right workforce to support your business strategy is a challenging balancing act. However, the right research and preparation will help ensure your compensation strategy is in step with your industry. Compensation data gleaned from participation in surveys is a proven way to make sure your strategy is competitive.
Talking to the voice in your head again? Relax, you can quiet that pesky voice and stop stressing. Benefits season doesn’t have to take the stuffing out of you or your team. Here’s three suggestions (actually reminders) for making it successful and easier.
Let’s enter the world of lean and mean small and medium-sized businesses for a few minutes.
Whether you’re a staffing company, a corporation, or a privately-held business, reaching the top talent before the big firms and large corporations swipe them up can be extremely difficult. Not to mention, exhausting. You don’t have the resources they do, the budget, the talent, the headcount, or even the diversity. So, how do you stay in the ring without getting knocked out?
The candidate experience is now more important and personalized than ever before, making it a prerequisite to landing the best talent. But, to be honest, you just don’t have the time on your calendar or the resources at your fingertips to do your research on each candidate and provide them the experience they desire. You’re sick of taking piles of resumes (or files) home with you to study and find that perfect match that the hiring manager won’t get off your back about.
Could your defined contribution retirement plan design be behind the times? We asked more than 300 plan sponsors about their 401(k) plans in order to figure out what’s trending in the world of retirement plans. The research results? We found that if any of these statements apply to your plan, it might be a bit retro.
This blog was originally published on the Willis Towers Watson Wire, February 15, 2018.