Ready. Set. Recruit.

May 17, 2017 by Compiled by Gloria Cilliers

ci-0517-snapshot

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

Source: Willis Towers Watson 2016 U.S. General Industry Compensation Policies and Practices Survey.

__________________________________________________________________________
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.