October HR E-News: Five Ways to Improve Your Compensation Strategy

	HR E-NEWS: OCTOBER 2013
	Article: Five Ways to Improve Your Compensation Strategy Article Written By: Tess C. Taylor, PHR Years ago, a college graduate had a long-term future and a pension plan with a single company to look forward to. Nowadays, however, the average life-span of a career is determined by the performance of the company. In uncertain times, working professionals are seeking compensation that’s outside of traditional salaries and retirement perks. They are looking for a compensation strategy that’s based on their individual contribution and competency. Offering More Than Just a Paycheck As a growing organization, it makes sense to develop an improved compensation strategy. Why? Your business needs to attract the best candidates who can innovate and lead your company in the industry. Secondly, in order to retain high performance employees, your compensation plan should offer more than just a competitive salary. Having access to additional compensation, whether in the form of added financial benefits or non-monetary incentives, can go a long way towards creating a loyal employee population. READ MORE TORONTOJOBS.CA • About Us • Employer FAQ • Services & Pricing • Contact Us • Articles • Salary Wizard CONNECT WITH US

 

Winner of the "Job Seeker Most Deserving of Help Contest!" ERICA DENTON     Erica Denton was the lucky winner of the TorontoJobs.ca and Toronto Career Fair – The Job Seeker Most Deserving of Help Contest. Erica’s submission was chosen from over 100 applications, to join four finalists at the Toronto Career Fair, held at the Rogers Centre on Friday, October 4, 2013. After much anticipation, Erica was crowned the winner and received a prize pack worth over $3,000. Prizes included: a three hour coaching session with a career coach from TorontoJobs.ca, a copy of Tales from the Recruiter – A Canadian Recruiters Perspective on How to Get That Perfect Job, a Course from Algonquin Careers Academy and the opportunity to be featured as a top candidate in the TorontoJobs.ca monthly client newsletter. Erica has a background in retail, customer service and hospitality, and has taken the following courses: Vancouver Community College (2000), Canadian Tourism College (Tourism Certificate, 2011), Smart Serve, Food Handlers Certificate and TICO certificate. Erica is currently interested in full-time employment that is TTC accessible. For more information on Erica, or to obtain a copy of her resume, please email info@torontojobs.ca or call 905.566.5627.

 

HR Industry Updates   Workers putting in longer hours than five years ago Employees are putting in longer hours than five years ago, according to a poll by Right Management. Nearly four out of five workers said their organization’s employees spend more time on the job since the recession began in 2008, found the survey of 325 employees in Canada and the United States. As many as 67 per cent said employees are spending “a great deal” more hours at work while 10 per cent said they are “somewhat” working longer while 23 per cent said “not really.” READ MORE Sales, admin support among 'hot jobs' for Toronto: Study The occupations that have seen the greatest job increase between 2010 and 2013 in Toronto are technical specialists and wholesale trade (37 per cent) and medical technologists and technicians (36 per cent), according to a study showing the hottest jobs, released by CareerBuilder.ca. The study uses a labour market database, drawing from a range of government sources including the Census, the Labour Force Survey and the Survey of Employment, Payrolls, and Hours. READ MORE

 

Article: Seven Tips for Giving Feedback (and Making it a Lot Less Difficult, Too)   Article Written By: Carol Anderson How do you feel when it’s that time to provide “feedback” to your team? It might be performance feedback or development feedback, but my guess is that it’s not your favorite thing to do. Step back for a moment, though, and think about your role as a leader. What is the single biggest responsibility of a leader? One can say “delivering results” but the truth is, leaders don’t deliver results; their teams deliver results. Could it be that the leader’s primary role is to develop their teams to deliver results? If the leader can deliver the results alone, the organization doesn’t need the team. And if the leader isn’t coaching the team to results, the organization doesn’t need the leader. READ MORE

 

Featured Resource: Tales from the Recruiter