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Or consider implementing programs within the workplace that are transparent when it comes to payraising goals, such as merit-based pay structures. Just be sure to set goals at a level in which employees will need to put their best foot forward, while remaining reasonably attainable.
As we all now by now, prioritizing rewards instead of learning and innovation can actually demotivate employees. Compensation does need to be discussed during the mid-year performance review, and some companies are finding success in having a separate compensation discussion towards the end of the annual cycle.
HR should also do its best to ensure that the onboarding process is welcoming and engaging for new employees. Compensation. Compensation is one of the most important factors that determine whether someone stays or leaves your company.
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