State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
July 07, 2010
Base Pay Increases: The Best Retention and Engagement Strategy, Survey Finds
Increasing base salary is one of the best retention and engagement strategies, according to a new study. Mercer gathered responses from more than 320 employers in the U.S. and Canada about their views on attracting and retaining employees.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Mercer conducted an attraction and retention survey and asked respondents what they believed had the strongest impact on employee retention and engagement. Here’s what they found:

  • 41% said base salary increases
  • 36% said short- and long-term variable pay
  • 35% said training and career development

The survey also reported on hiring statistics, including:

  • 27% of employers surveyed are expanding their overall workforce,
  • 45% are hiring to replacement levels only
  • 25% are hiring just for critical areas.

The results also showed that even in the economic situation, almost half of the respondents said employee engagement increased over the past 12 to 18 months.

Source:

Employee Benefit News
Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB01
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Compensation-Administration/Base-Pay-Increases-The-Best-Retention-and-Engageme/