In the ever-competitive arena of recruiting top talent, companies are increasingly looking at different avenues that can give them a competitive advantage in attracting high caliber employees. A Canadian study examined the effect of innovative perks, training opportunities, and company ethics on the attractiveness of companies to prospective employees and found that all three of these elements increased company attractiveness. Some interesting relationships between these three elements were also found.
Key Topics: Innovative perks; Training; Company ethics; Employee attraction; Organizational attractiveness.
With pension plans increasingly under the microscope in many companies, a recent 8-year study in the US examined the role of board composition in determining pension policies. The results indicate that outside directors play a valuable role in maintaining the interests of pension beneficiaries, with regards to both pension plan funding levels and asset allocations, and particularly in times of financial distress they help to keep the board on course to meeting its obligations toward pension plan beneficiaries.
Key Topics: Board of directors; Board composition; Outside directors; Pension policies; Defined benefit pension plans
The quality of the relationship between employees and their employer is of central importance to the performance of individuals as well as the companies that employee them. A recent study looked to examine the relationship between employees and their Fortune 1000 companies. The study found that employees on higher compensation perceived their relationship with their employer to be better. Additionally, comparing millennials with middle-aged employees, it was found that millennials generally had poorer perceived relationships with their employer.
Key Topics: Compensation; Golden handcuffs; Millennials; Public relations
With labour markets becoming increasingly competitive, government agencies can often face challenges in attracting and retaining Millennials. A Canadian study examined some of the factors that motivate Millennials in the workplace, as well as their expectations of working in the public sector. The study found that both perceived intrinsic benefits and extrinsic rewards motivate Millennials, while many Millennials working in the public service see it as a vocation.
Key Topics: Public service; Millennials; Motivation
The non-profit sector can often find it difficult to compete on employee compensation levels with the for-profit and public sectors. A recent US study examined the challenges that the non-profit sector faces in attracting and retaining Millennials by analysing the compensation levels, perceptions of equitable compensation, and sector-switching intentions among Millennial workers. The results indicate that compensation was a factor in sector-switching intentions for some types of Millennials but not for all.
Key Topics: Millennials; Non-profit sector; Compensation; Turnover
Status inconsistency, which refers to situations where there is a mismatch between someone’s income and their background, can lead to various employee workplace outcomes both positive and negative. A recent study examined the relationship between status inconsistency and the personality traits of agreeableness and dominance to determine, and if the relationships differed by gender. The results found there were indeed differences in the level of status inconsistency depending on levels of agreeableness and dominance, and that these effects differed by gender.
Key Topics: Agreeableness; Dominance; Gender; Status inconsistency |
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