With growing numbers of high performers ready to leave their organizations, employers need to realize that those departures can be extremely costly for organizations in the resources it takes to recruit, hire and train new employees.
Employers such as Chicago-based Red Frog Events are looking to improve their overall employment deal, spelling out an overall compensation and culture package that often includes a company vision for what employees can get and give back in return.
In the past several years, more companies have introduced or re-crafted their “employee value proposition” to give employees a better idea of what the total employee experience encompasses, beyond the basic salary and benefits. Laura Sejen, global practice leader of rewards for consultancy Towers Watson & Co., recently spoke with Workforce contributing writer Meg McSherry Breslin about the key factors employers should keep in mind when they're looking to revise their employee value proposition, otherwise known as the "employment deal."
A new survey notes that with advances in technology, human resources managers will have time away from administrative tasks to help their CEOs with big-picture questions, though one expert contends that things haven't changed much.
Recruiters take note: Baby boomers, Gen X and millennials are spending almost all their time job searching online instead of offline. Boomers turn to LinkedIn first, while Gen X and millennials are first using Google and Google Plus.