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Compensation Is Once Again an
Employee Hot Button
www.hrp.net
For the last dozen years, the Society for Human Resource Management
(SHRM) has been surveying employees from organizations of all sizes to
identify the top five factors which contribute most to their job satisfaction. In
its 2014 Employee Job Satisfaction and Engagement Survey, 60 percent of
respondents identified compensation as "very important" to their job
satisfaction. Why is this surprising? The last time compensation topped the
list was 2007. The following year, when financial crisis swept much of the
country, job security beat out all other factors and has stayed strong as a
priority.
While pay raises have become a higher priority for employees, compensation
adjustments must be considered in the context of employee engagement.
SHRM's "conditions for engagement" provide a good starting point to help
you assess that critical element of successful human resource management.
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