How to retain your best employees: Compensation

Employee retention continues to be a top priority for business owners nationwide. In fact, 63 percent of the more than 5,500 employers surveyed by job-data firm PayScale Inc. reported employee retention as their “top concern” in 2014. Furthermore, 22 percent of employers reported an inability to offer a competitive wage as a barrier to finding talent, and nearly 80 percent were only “somewhat” or “not at all” satisfied with their compensation structures.

Specialty Manufacturers: 3 Steps for Recruiting Top Talent

Recruitment of top-tier talent is an ongoing challenge for small businesses and large corporations alike. In fact, 68 percent of the more than 3,000 human resources (HR) professionals surveyed by the Society for Human Resource Management (SHRM) reported challenging recruiting conditions in today’s talent market.