Total flexible compensation key in the new world of business

TFC gives companies the tool it takes to get — and keep — the best employees.
By Daphne Woolf
|Canadian HR Reporter|Last Updated: 06/27/2001

For employers, attracting and retaining the best employees is a serious concern that needs a solution. Long gone are the days when HR departments had their pick of the litter. In fact, a recent survey of CEOs conducted by Angus Reid for William M. Mercer Ltd. revealed that, next to increasing profits, Canadian CEOs are most concerned with getting and having the right people, skills and talent to fuel higher corporate profitability.

Although today’s senior executives know they have to provide in order to obtain, there is still the unavoidable question of how. An answer to consider is total flexible compensation (TFC).

What is TFC?