Employers get creative with compensation
Savvy companies are getting smarter about compensation, and are using transparency, variable pay and bonuses to recognize their best employees.
According to compensation software and services company PayScale, 86 percent of top-performing companies -- those who are leaders in their industry and who exceeded revenue targets for 2015 -- agree with this statement: “Our people are our greatest asset.” In contrast, 78 percent of average companies agreed with the statement.
The 2016 Compensation Best Practices Report, released at the end of last month, surveyed 7,600 executives, line of business managers and human resource practitioners worldwide in November and December 2015 to gauge current attitudes about compensation, business growth, hiring and retention.
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