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Retention Hack: Creative Compensation Strategies

Proactive Talent

Consider one of your roles that has been difficult to recruit for and even more difficult to retain; one way to keep that employee engaged is creative compensation packages. Simply put, look at the job description and consider it carefully; figure out how you could reduce the workload by a significant percentage, say… 30%.

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Employee Retention: How to Retain Top Talent in 2022 | ClearCompany

ClearCompany Recruiting

There’s no better year than 2022 to prioritize employee retention — after all, we’ve all heard of the Great Resignation. workers quit their jobs in 2021, either to start a new one or to leave the workforce altogether. Given the number of workers that are quitting, it’s safe to assume that many of your employees are job seekers.

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Are Your Job Descriptions to Blame for Your Attrition?

Recruiting Daily

A comprehensive job description (JD) clarifies job duties and responsibilities for the candidates and helps organizations maintain consistency within the organization. It also extends legal protection in case of litigation and justifies compensation and hiring decisions.

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What is Job Description Benchmarking?

Ongig

Job description benchmarking is similar to salary benchmarking, where you study how other companies list their compensation packages. Instead, you’ll study their job descriptions and internal details to ensure you aren’t missing key components to complete tasks successfully. So, where do you start?

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Linking Compensation and Performance Management

HRsoft

The overarching goal of the compensation strategy is to make sure an organization has the right amount of money necessary to motivate the types of performance needed to achieve the business strategy. To that end, compensation should tie into the overall performance management strategy. Reformatting or rewriting job descriptions.

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How to Create Efficient Compensation Strategy for Business?

CuteHR

According to 66% of workers, benefits are an essential aspect of overall compensation. The compensation strategy is essential in achieving consistency when it comes to compensation and benefit choices within your firm. However, having a compensation strategy aligned with your business culture is not enough. Overtime Pay.

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5 Ways to Make Your Job Descriptions Stand Out

Ongig

Do you know how to make a job description stand out? But for job titles, it’s best to be simple and specific. You can find more top job titles searched by candidates in Ongig’s Job Titles: The Definitive Guide. So how do you make a job description stand out without excluding underrepresented groups?