How Best-in-Class Companies Treat Employees

 
 
By Dennis McCafferty  |  Posted 2017-08-31 Email
 
 
 
 
 
 
 
 
 
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    To attract and retain employees in today's tight labor market, best-in-class employers are paying above-market salaries and offering a broad range of benefits.
 

The majority of C-level executives reported that, though improving, the skills gap is still very real, and many said their organization is willing to pay above market averages for salaries and will also provide a broad range of benefits, according to a recent survey from Adecco USA. The resulting report, "Best-in-Class Workforce Management Insights: Engaging Employees in an Ever-Changing Landscape," divides companies into categories that include "Best-in-Class" and "Industry Laggards," with the former organizations compensating employees better and retaining them longer. Best-in-class employers also excel at getting their new hires to reach needed productivity levels in less time than laggards do. In many cases, they're even willing to offer work-life balance as a stated benefit. "Over the last year, as the unemployment rate has declined and the competition for talent has intensified, we've reported that we're working in 'The Age of the Employee,'" according to the report. "In this candidate-driven market, the burden is on employers to offer compelling reasons for candidates to join—and remain with—their organizations. And the most compelling thing an employer can offer—one that goes hand-in-hand with engagement, productivity and loyalty—is happiness. You can't make employees happy. But you can foster a positive work environment that results in engaged, productive and successful employees who love what they do." More than 500 C-suite executives took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.
 
 
 
 
 
 

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