Don't let your valuable long-term employees quit because your competitor will pay them more! Recent research suggests that one in three long-term employees are currently searching for a new job, and not getting the salary they believe they deserve is the number one reason why. Join this session to review the foundations of developing a market-competitive compensation program that will enable your company to attract the right new talent and retain the talent that's already working for you. Going beyond theory, we'll share a case study of how a leading North American Energy Services company developed and implemented a compensation approach that reduced turnover and made STEP Energy a Great Place to Work in both Canada and the US.
Key Takeaways:
- Identify which employees may be tempted to leave for more pay—and what the gap is between what they're currently being paid and what they are worth.
- Learn from a real-life example of how an organization addressed compensation inequities, high turnover, and attraction issues through the development of a fair and equitable compensation program.