As we enter a new year, it’s a great time to think about what’s working – and what’s not – within your business.
Our Compensation Health Check provides a quick and easy checklist to help you take inventory of the status of your current employee compensation and rewards programs, policies and processes.
Think about your “pain points,” the risks they present to your business and how you might tackle some of these areas over the course of the next year:
- Are you compliant with all applicable compensation legislation (e.g. Minimum Wage, Pay Equity, etc.)?
- Are you struggling with pay compression issues (e.g. are team members earning the same or only slightly less than their supervisors?)?
- Are you having difficulty attracting or retaining talent based on pay or reward issues? Are existing employees expressing concern about pay?
- Are your incentive plans delivering the results you intended?
- Is it time to bring some structure to your pay practices?
For assistance with your compensation and / or total rewards challenges, contact Jennifer at JF HR Solutions today at (519) 265-3590, or via the contact form below: