Mark Stocker, CEO of MetalJobs – A member of the Sanford Rose Associates® network of offices, Featured in Monster, Compensation Tactics to Retain Mission-Critical Talent
Dallas, 12/6/2016
By John Rossheim
With unemployment low and highly-skilled professionals in high demand, it’s time to reevaluate your compensation strategy to help retain top performers. Otherwise it’s way too easy to lose key people to the competition.
Simplicity and clarity are key to pay satisfaction. Your compensation strategy should be pithy enough to serve as an elevator pitch to retain top performers. Mark Stocker, president of recruiter SAN Inc., says there are two keys to making this happen. First, create a simple compensation plan that doesn’t change.
Second, allocate a much greater proportion of your compensation budget to people who have great success and long tenure. Sales commissions at SAN start at 25 percent and reach up to 50 percent, with equity kicking in along the way. “It’s key to be clear about compensation from the start of an employee’s relationship with the company,” says Stocker.
Keith Sims, President of Integrity Resource Management, Featured in Newsweek
FOR IMMEDIATE RELEASE: Keith Sims, President of Integrity Resource Management – A member of the Sanford Rose Associates® network of offices, Featured in Newsweek, Gen Z Is Having 'Midlife Crisis' Plano, TX 12/23/2024 By: [...]
President of Integrity Resource Management, Keith Sims, Featured in Newsweek
FOR IMMEDIATE RELEASE: President of Integrity Resource Management – A member of the Sanford Rose Associates® network of offices, Keith Sims, Featured in Newsweek, America Sees Rise in People Quitting Their Jobs Plano, TX [...]
