article thumbnail

Key Considerations for a Pay-for-Performance Compensation Model

ClearCompany Recruiting

This article discussing the pay-for-performance compensation model and the benefits and drawbacks of this strategy was originally published in May 2015. One area that organizations can customize and personalize their strategies is in their compensation model for employees. Jason Lemkin, Managing Director at Storm Ventures.

article thumbnail

Employee compensation – what you need to know and why


Fostering a positive environment that supports team members as people instead of human capital is important, and in many instances, those initiatives are actually part of a compensation strategy, but a generous compensation package is a surefire way to catch the attention of quality candidates and establish loyalty with high-performing employees.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Location-Based Compensation is Bad for Business

Recruiting Daily

Location-based compensation is a practice from the past that has to go. Location-based compensation was inherently fair, ensuring equal pay among employees even when they lived in diverse locations with differing costs of living. Legal Risks Location-based compensation can also pose legal risks, mainly if not implemented correctly.

article thumbnail

How to Build an Unforgettably Audacious Company Culture


What is company culture, and why does it really matter? While position requirements, salary and compensation packages, and career advancements are front of mind for candidates interviewing at your company, culture also matters. Culture is like a vapor that permeates nearly every.

Culture 255
article thumbnail

Adapting, Evolving and Staying Competitive in a Disrupted Economy

It’s clear that a more flexible and strategic approach to total compensation is required to create a better path forward. Prioritizing Workplace Flexibility as a Cultural Imperative Organizational success depends on workforce wellbeing, and employee needs are varied and constantly changing.

article thumbnail

Hyper-personalizing compensation and benefits: 5 actions to take

Achievers - Recruiting

And HR leaders understand that a one-size-fits-all approach to compensation and benefits doesn’t best serve their people, or the organization. Compensation should not be the only reward in your toolkit. And so, compensation (financial, benefits, or otherwise) is not the best way to think about personalized employee experiences.

article thumbnail

New Survey: Company Mission & Culture Matter More Than Compensation

Glassdoor for Employers

While high salaries and unique perks may have once been the keys to attracting top talent, a new survey from Glassdoor shows that a company’s mission and culture matter most to job seekers. Furthermore, over half of the 5000 respondents said that company culture is more important than salary when it comes to job satisfaction.