Facing compensation uncertainty

Rethinking approach to employment deal helps savvy organizations weather stormy times
By Claudine Kapel and Mairéad MacLure
|Canadian HR Reporter|Last Updated: 02/24/2003

Lean compensation budgets. Low employee morale. Disengaged “survivors” of organizational downsizings.

Most HR professionals would agree tough economic times yield a wide range of HR challenges. While it isn’t always possible to turn a sow’s ear into a silk purse, savvy organizations understand it is the “employment deal” in total rather than any single component that shapes the ability to recruit, retain and motivate people.

Many organizations are taking a more holistic view of compensation, and introducing strategic changes to ensure they are doing what it takes to motivate and retain employees, without breaking the bank.