Companies have to increasingly use creativity to develop compensation plans that will attract and retain the best candidates
What new professionals expect their employers, how workers are today? And in what way you can attract the best talent? These are the recurring questions that are today most companies in the world, and that Florence Deverill, manager of Compensation Consulting at Hewitt area, the seminar sought to answer the Labour Market 2008. Highlights
• The changing values \u200b\u200bof workers creates a new form of contract and relationship with business.
· Today talented people need organizations less than organizations need talented people.
· New workforce challenges are: the war for talent and attention to the individual rather than collective.
· For the lack of talent, the compensation policies of companies were changing from total compensation to "experience Total employee. "
According to the specialist, is now possible to define the profile of employees based on their expectations, which can be divided, broadly, as six trends, developed by John Izzo and Pam Withers in his book Values \u200b\u200bShift: The first of them is the balance between work and personal life, new talent want to work but also enjoy their free time and that no interference in their relationships outside the workplace. Also hope that their work is not only an obligation but a noble cause, require companies to opportunities to develop rapidly and grow professionally in a short time, they want to partner in a hierarchy collapsed to form communities on the job. In turn, seek to establish a trusting relationship with their employers.
What new professionals expect their employers, how workers are today? And in what way you can attract the best talent? These are the recurring questions that are today most companies in the world, and that Florence Deverill, manager of Compensation Consulting at Hewitt area, the seminar sought to answer the Labour Market 2008. Highlights
• The changing values \u200b\u200bof workers creates a new form of contract and relationship with business.
· Today talented people need organizations less than organizations need talented people.
· New workforce challenges are: the war for talent and attention to the individual rather than collective.
· For the lack of talent, the compensation policies of companies were changing from total compensation to "experience Total employee. "
According to the specialist, is now possible to define the profile of employees based on their expectations, which can be divided, broadly, as six trends, developed by John Izzo and Pam Withers in his book Values \u200b\u200bShift: The first of them is the balance between work and personal life, new talent want to work but also enjoy their free time and that no interference in their relationships outside the workplace. Also hope that their work is not only an obligation but a noble cause, require companies to opportunities to develop rapidly and grow professionally in a short time, they want to partner in a hierarchy collapsed to form communities on the job. In turn, seek to establish a trusting relationship with their employers.
Paradigm Shift This change in securities by employees, "says Deverill-creates a new form of contract and bonds with the empresas.El first point, and the main trigger of this new paradigm is that people today need talented much less than the organizations that organizations need people talentosa.Otro of the factors that contributed to this transformation is that today's leaders seek the loyalty of the organizations, but are not willing to give his as a form of retribution. Moreover, compliance with contract commitments became a huge challenge because we live in a world forced to contain costs, globalized virtual.En this context, new challenges for the workforce are: the war for talent and attention to the individual rather than the group. "Something that has occurred in recent times, particularly for key personnel and high-potential, is the individualization of compensation packages. This is not always given money, but also includes qualitative benefits such as flexibility of hours, "says Deverill.La specialist explains that for several years and as a result of the increasing lack of talent, compensation policies companies were changing from total compensation to "total employee experience." This new system brings greater focus and attention on those values \u200b\u200bthat employees consider important. "These are total compensation including cash payments and in kind, and all the tools and actions that are provided for personal development," said Deverill.Estrategias To cope with the demands of new talents and to capture and retain, companies are now bringing out their best tools and betting on the creativity of the resources reclutadores.Uno gaining ground in the middle of this picture are flexible on compensation approaches and benefits. Today there is a marked trend towards the individualization of administration of retribuciones.Así, companies increasingly offer personalized employment contracts, rewards as menus, significant individual incentives, and a wide variety of non-traditional benefits. "At first companies remained reluctant to implement this type of compensation policies, but today many more companies are open to implementing them, "says Deverill. "In recent times we have seen in the consultant a lot of practices are not new but the company took the liberty to manage differently," he adds. To illustrate this assertion, the specialist raises two cases: "Some software development companies began to engage professionals for projects, not to leave the work half way. Meanwhile, in the systems area, where employees generally are young, there are companies that offer mileage programs, which are that, for every trip, you can collect points, which are then redeemable for cash or travel pleasure. "Two other employees loyalty strategies widely used by local companies are the incentives in-chief resource shares at executive levels, and plans pensión.Todo this shows that in most firms, non-monetary remuneration prevailing as attraction and retention strategies. "compensation practices today focus mainly on creating value and retain talent. So one key is the identification and differentiation in the management of potential and performance, using essentially the components 'total remuneration' to reward and retain employees, "says Deverill." Increasingly, the goal companies is to prioritize the identification of high-performance personal and develop specific policies to manage it, "he concludes.