May 17, 2017 by Compiled by Gloria Cilliers
Succession gaps. Tight budgets. The big talent crunch. These days your recruitment and retention strategies need to look beyond compensation…
ORGANIZATIONS OFFERING SIGN-ON BONUSES: | MOST POPULAR RECRUITMENT RETENTION PROGRAMS OFFERED BY 96% OF ORGANIZATIONS: | ORGANIZATIONS OFFERING REFERRAL BONUSES: | |
---|---|---|---|
78% Executive |
85% Tuition Reimbursement |
82% Short-term incentives |
33% Executive |
77% Management |
77% Service awards |
77% Wellness programs |
58% Management |
64% Exempt, non-management |
68% Recognition awards |
67% Exempt, non-management |
|
22% Non-exempt |
66% non-exempt |
10% of employers plan to adopt mentoring programs |
US$1,000 Standard median referral bonus, paid by 57% of organizations after a new hire has completed a probationary period. |
10% of employers surveyed plan to adopt career development programs |
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Source: Willis Towers Watson 2016 U.S. General Industry Compensation Policies and Practices Survey.
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Copyright © 2017 Transcontinental Media G.P. This article first appeared in the May 2017 edition of Canadian Insurance Top Broker magazine
This story was originally published by Canadian Insurance Top Broker.