Your business needs talent–the right talent. But must you only compete on salary? Fixed costs will choke your bottom line, and underpaying won’t attract the best. Learn how large successful employers apply the total rewards approach to align reward practices to the needs and preferences of today’s talent. Get, and keep, your talent at sustainable cost.

This is a “workplace” learning circle–for employers–that equips them to attract and retain talent through smart total rewards practices, including salary levels, allowances, bonuses, sales commissions, employee benefits, flexible work arrangements and other strategies. The learning circle is a starting point for employers wishing become knowledgeable in the core concepts and prevailing practices of larger employers (>1,000 employees) in the area of compensation, benefits and other rewards.

Smaller employers will gain an understanding and appreciation of non-cash rewards, as tools for attracting and retaining talent. These include recognition, growth, workplace flexibility and choice.

KEY LEARNINGS

• Why we need to consider the total rewards “package”
• Select which types of rewards, other than salary, to offer
• Motivate staff through fair pay, incentives, recognition and good job design
• Learn what other employers (including other participants) do to attract and retain talent