Attracting and retaining employees is only getting harder. And while employee engagement, career development, and flexibility are certainly important factors, compensation may be the biggest. One survey found that 52% of employees viewed potential merit increases as their lead reason for staying with their companies, ahead of factors like culture and work relationships. And according to a recent LinkedIn study, businesses rated highly on compensation also have 56% lower attrition rates.
While money isn’t everything, “comp” directly impacts engagement and performance and is closely intertwined with career development. But at most organizations, the decision-making process around pay can feel arbitrary, shrouded in mystery, and even subject to bias. When asked, only 24% and 27% of employees and HR leaders, respectively, believe their compensation processes are transparent or easy to understand.
If compensation strategy isn’t already a core part of your People practice, it should be.In this ebook, we’ll address the big questions you need to answer before that can happen. From identifying your comp “philosophy” to designing salary bands that integrate with job levels, we’ll go through what you need to know for a more holistic, transparent, and equitable approach to employee pay.
What’s a Rich Text element?
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
Static and dynamic content editing
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
How to customize formatting for each rich text
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.