Next year’s likely to be very challenging for Benefits and HR pros — which means now’s a good time to discuss long-term strategies with upper management.
So what do your employees want? Here are four resolutions that’ll keep them happy:
1. Stay on top of compensation trends
As you’re well aware, pay is going to be extremely volatile this year. Being mindful of trends and knowing what other companies in your area are paying will help the company stay competitive as well as realistic about the payroll budget.
2. Keep employees in the know
It’s better to give employees the full story. If not, you’re leaving them to their imaginations — which always run wilder than reality.
3. Reward those that matter most
It’s can’t be overstated: Things will be tight this year. So it’s more important than ever to reward the right people.
Idea: Stretch the bonus budget by giving promotions to top performers — the ones that are going to help the company get through the tough times. They’re the ones you need to hang onto now.
4. Ask workers how to improve their jobs
Let them know you care what’s on their minds. Listen to what they say and — if you can — act on it.
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