The Competition of Compensation and Benefits: Keeping Up

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Over the past several years, labor costs have sky-rocketed and agency costs have impacted our loyal and dedicated staff. Even when salaries and market norms began to settle, our need to creatively and competitively recruit did not abate. Today, organizations must look at the full value proposition for employees to recruit and retain good staff. To do this, start by evaluating how well you are communicating to staff about other investments and benefits beyond salary and PTO. Then, think creatively about benefit options that provide wellness and family support. This session goes beyond salary and premium pay to brainstorms ideas that can help current employees recognize your organization’s interest in employee well-being and situations and help attract new candidates.