60% of full-time employees are stressed about their finances (PwC). As such, we’ve been talking a lot about the importance of effective compensation.
So, here’s what we mean when we use that term:
- Compensation that cares
- Compensation that retains
- Compensation that returns
Compensation that improves the performance of your employees and increases the value of your payroll.
Compensation today isn’t doing what it should - recruit, incent, and retain. For many, bonuses are delivered with the intention of achieving those goals but they’re not sticking the landing in terms of value for either party - the employer or the employee.
Today, bonus compensation is administered through payroll and lacks engagement, clear communication, and a unique element to distinguish it from ordinary compensation.
At Keep, we’ve engineered an AI-powered compensation platform designed to deliver retention and engagement – starting with smarter bonuses.
Employees should have full transparency into their compensation options and what’s required of them in order to earn more, with the ability to access compensation earlier based on performance or loyalty.
Employers should be able to customize compensation to recruit, incent, and retain employees more easily – and prove they’re seeing a return.
Curious how you measure up when it comes to effective compensation?
Ask yourself these questions:
- Has my turnover rate increased in the last 6 months?
- Have my open roles remained unfilled longer than they did 6 months ago?
- Has my employee engagement decreased in the last 6 months?
If you answered ‘Yes’ to any of the above, let’s chat.
We can help make effective compensation a reality for your company. Learn more at KeepFinancial.com
