The difficult economic conditions over the past three years have provided business owners the unparalleled opportunity to attract, retain, support and fully engage their most important employees. What does keep the best employees devoted to their jobs in this difficult economic environment?
The answer according to Sylvia Hewitt is surprisingly not a steady salary or hefty bonus. What truly satisfies employee’s needs and wants are:
1. Formalized Flexibility – Remote Work Options, staggered hours, reduced schedules and mini-sabbaticals can provide the employee greater value than a bigger paycheck.
2. Career Development – With a reduced workforce, giving capable employees more challenging assignments or cross-functional roles that boost skills and expand their professional capabilities is of greater value.
By revising rewards, smart employers can turn this economic challenge into a talent incubator. For over twenty years, Total Team Solutions has provided payroll, employee benefits, and HR services to small & mid-sized companies. To learn more, please contact Rob Lynn at 800-836-9678 ext. 11