Companies struggle to attract, motivate and retain their best Employees. Compensation models based exclusively on salary and a homogenous and reduced benefits package are now obsolete due to the change in the environment of the Employer-Employee relationship.

Efforts to keep an engaged and business focused workforce are currently directed towards creating a customized and integrated Employee Value Proposition based on a Total Compensation strategy that includes all the benefits, policies, services and resources offered by the company that an employee or candidate may perceive positively as a compensation.

The challenge is to design a new HR model focused on the individual needs of each employee.

We are now forced to review our previous approach at a time when companies are looking for new models based on a Total Compensation Effectiveness and Efficiency approach:

  • Total Compensation Effectiveness: companies should have a compensation strategy that allows them to attract, motivate and retain the professionals that best help them to achieve their business goals.
    Compensation Mix – Eligibility – Communication – Responsibility
  • Total Compensation Efficiency: new Total Compensation policies designed to help companies leverage on the investment they make in Compensation and Benefits in terms of employee satisfaction.
    Satisfaction – Return on Investment – Optimization – Management

The great challenge is to integrate a new model of employment relationship where the main protagonist is the Person