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Employers get creative with compensation

Sharon Florentine | March 11, 2016
Savvy companies are coming up with new ways to recognise their best employees, according to PayScale's 2016 Compensation Best Practices report.

"There's a major opportunity here for businesses to address perception and communication gaps with their employees around pay, and that can go a long way toward helping with retention -- which was the top concern or a major concern for 57 percent of respondents. Talk with your employees about your compensation practices so they can see why they're paid what they are, and explain the deciding factors. You don't even have to adjust salary or bonus levels -- just communicating more openly about it is all employees want," says Low.


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