Total Rewards
Anne C. Ruddy, President, WorldatWork
Quote: "Both employers and employees alike now know that compensation and benefits have been joined by work-life considerations, recognition programs, and career development opportunities to form the concept of total compensation - or as we call it, total rewards . Total rewards are all of the tools available to the employer that may be used to attract, motivate and retain employees. They include everything the employee perceives to be of value resulting from the employment relationship." Quote: "Employees no longer work for just a paycheck. High-tech companies have popularized a number of innovative work programs and perks, but casual dress, flexible telework schedules, childcare facilities and more are no longer seen as peculiar attraction strategies that are only used in Silicon Valley."
Ryan Johnson, Director, Information Development & Public Affairs
Quote: "In the old days, offering pretty good pay got you pretty good employees and productivity. Today, pretty good pay isn't enough. It is the basic cost of entry. That's why successful companies look holistically at everything they can use to make employees feel fulfilled, from unique benefits, to flexible schedules, to in-house mentorship and development. It's about much more than pay, it's about total rewards."
Quote: "Successful companies today know that the solution to the employee retention issue is not simply throwing more money at the problem. It's in compelling work and leveraging the employment dollar in unique ways that create an employer of choice environment."
Quote: "Today, a competitive compensation and benefits package is the cost of entry to business for employers - indeed, they're the very minimum expected by employees. And it's only going to get worse with the looming workforce crisis - The Employment Policy Foundation projects a shortage of at least eight million workers for 2014."
Leonard Sanicola, Certified Compensation Professional (CCP)
Quote: "A competitive baseline of compensation and benefits programs brings good people in the door, but an integrated total rewards strategy keeps great employees actively engaged."
Return to Top
Compensation
Anne C. Ruddy, President, WorldatWork
Quote: "Many traditional employers are finding that in order to keep their top employees, they need to have a total rewards package. Employees are no longer willing to work 16-hour days for just a large paycheck, there has to be something more for them to take time away from their families now."
Don Lindner, Certified Compensation Professional (CCP)
Quote: "The only long term competitive advantage a company has is it's people. Advantages in capital markets or technological advances are short lived and can be duplicated. To be successful companies must create a culture that engages it's employees and invest in programs that attract, motivate, and retain talent."
Leonard Sanicola, Certified Compensation Professional (CCP)
Quote: "Competitive compensation and benefits are needed for employers to play in the sandbox with one another; beyond it are the other elements of the working world that an employer offers that provides the competitive edge."
Return to Top
Benefits
Leonard Sanicola, Certified Benefits Professional (CBP)
Quote: "With benefits comprising from a third to half of payroll costs, choosing the right service partners is essential to managing costs and leveraging capabilities."
Quote: "Benefits costs haven't met the definition of "fringes" in years, but in today's world, with escalating health care costs, traditional pension plans on the decline, and a myriad of other costs, employers are looking for less short-term fixes, and more longer-term cost management solutions."
Quote: "Designing and communicating benefits to a multi-generational workforce will be a challenge for HR professionals as they explore ways to meet the needs of a diverse workforce."
Return to Top
Work-Life
Kathie Lingle, Director, AWLP
Quote: "The benefits that companies reap--better retention, more satisfied and engaged employees--show up in survey after survey. When you're making the case for work-life to the CEO, it's going to be pretty hard to dismiss these findings."
Quote: "Flexibility is one of the most powerful drivers of retention and engagement today, it has no fixed cost; it is the work-life initiative most sought after by employees (especially top performers); it is empirically linked to higher levels of productivity, resilience and shareholder value; it is ubiquitous within "employers of choice" who are significantly more profitable than their more rigid peer group."
Quote: "Just as athletes pay close attention to health, nutrition and recovery techniques in order to perform at a consistently high level, so should high-performing executives. Productivity requires discipline as well as careful stewardship of energy and attitude. Mental and physical wellness is required to create and maintain this positive energy."
Rose Stanley, Certified Benefits Professional (CBP)
Quote: "Elder care is an issue that's about to leap off the back burner. Studies show that by 2020, 1 in 3 workers will be taking care of elderly parents compared to 1 in 4 today. The issue of elder care is definitely heating up. Companies need to address the issue now before it reaches boiling point."
Quote: "Time has become the new currency. Employees value days off as much as, if not more than, hard dollars. Companies are starting to see that there are benefits to offering their employees time. Managers see how it comes back to them with creativity, rejuvenation and loyalty."
Quote: "Rather than watch workers resign, a growing number of employers are granting "breakers" leave. Some 5 percent of U.S. corporations now offer employees paid sabbaticals, and hundreds more allow for unpaid leave. More and more organizations are beginning to see the payoff. They can actually see a return on their investment, and that's what gets their attention."
Return to Top
Performance and Recognition
Anne C. Ruddy, President, WorldatWork
Quote: "In developing reward programs, employers should consider the demographics of their workforce. What motivates a generation X employee may not have an impact on a baby boomer in the same company. Employers should assess both the lifestyle and life cycle of their employees."
Kathie Lingle, Director, AWLP
Quote: "Human capital implies that people (the workforce) are an asset, a form of capital that deserves investment and continual stewardship like all other forms of capital available to an organization." Alison Avalos, Certified Compensation Professional (CCP)
Quote: "The cost of providing recognition is more than offset by reduction in recruitment and training costs. The direct impact that recognition has on quality, customer service, employee morale and productivity actually makes it profitable to provide these programs."
Quote: "In the old days, loyalty to the company was expected of every employee. Today, in the war for talent, companies are beginning to realize that loyalty to their employees is just as important."
Vicki Hersh, Manager, Education Services
Quote: "The term "criticism" typically has a negative connotation. When evaluating performance, the preferred term is "feedback". Paired with an action plan, feedback, or constructive criticism, can be a very powerful tool for enhancing job performance, and providing personal and professional development. "
Quote: "People don't quit their company; they quit their manager. The inability to effectively communicate is usually at the heart of the issue. If the boss is unable or reluctant to provide feedback when issues arise, the result is a frustrated boss who treats an employee poorly."
Leonard Sanicola, Certified Compensation Professional (CCP)
Quote: "Many employers view recognition as a 'program of the month.' They fail to see its value as a long-term business strategy. For recognition to be meaningful, it must be an ongoing process and not a temporary approach."
Return to Top
Development and career opportunities
Anne C. Ruddy, President, WorldatWork
Quote: "You can't manage people as assets without respecting them as the whole beings they are."
Leonard Sanicola, Certified Compensation Professional (CCP)
Quote: "Ultimately, retaining employees has more to do with learning and development experiences, workplace flexibility, recognition, organizational culture, and communications more than anything else."
Quote: "Many employers fear the coming "brain drain" of talent from the workforce, but, with overall retirement savings at a frightening low level, there may not be as much human capital exiting the workforce as we think."
Return to Top
Ethics
Anne C. Ruddy, President, WorldatWork
Quote: "There is a big difference between organizations that approach ethics from a compliance-based perspective — 'thou shall not' — and those that take a values-based approach that is rooted in the organizational culture."
Ryan Johnson, Director, Information Development & Public Affairs
Quote: "We believe it is the responsibility of a professional association to not only talk about professional ethics, but to keep talking about it. Our ethics initiative doesn't have a destination that it's trying to get to — this is a journey."
Quote: "The research clearly indicates that there is a bottom line impact for organizations that put ethics first. Employees are more likely to stay with a company they perceive to be ethical. One recent study indicated that prospective employees are even willing to take less compensation to work for a company that is perceived to be ethical and socially responsible."
Don Lindner, Certified Compensation Professional (CCP)
Quote: "You can't legislate ethics."
Quote: "In light of Enron, Tyco, and the backdating options scandal "business ethics" has become an oxymoron in the same league as military intelligence and jumbo shrimp."
Return to Top
Telework
Kathie Lingle
Quote: "Telework is defined as the ability to work from anywhere. Giving workers more control over where, when and how they get their work done results in increased employee morale, productivity and even better health in general."
Rose Stanley, Certified Benefits Professional (CBP) Quote: "People who work from home, while enjoying the peace and quiet that leads to increased productivity, sometimes feel isolated and need the café atmosphere for social stimulation."
Quote: "We do have a culture of face time in this country, but just because you may be in your cubicle doesn't mean that you're productive."
Return to Top
|
If you do not find what you are looking for, members of the media should contact:
Marcia Rhodes, APR
Media Relations
480/348-7285
mrhodes@worldatwork.org
Quotable Quotes by Topic
|
Print