LYNOUS' clients have access to our extension compensation information. Our executive recruiters are able to assist our clients in developing competitive total compensation packages to attract and retain top performers.
As today’s employers look for ways to attract and keep critical talent LYNOUS plays a vital role in making total compensation communications part of their recruiting and retention efforts for clients. Increased competition, coupled with demographic changes in America’s labor force and rising health care costs, is forcing companies to think more strategically about their workforce decisions.
Employees, on the other hand, are placing more emphasis on work-life benefits and retirement plan offerings, in addition to pay, when choosing an employer. According to a recent Watson Wyatt Strategic Rewards Report, companies are experiencing increased difficulty in attracting and retaining employees — particularly highly skilled and top-performing employees. This same report states that employers underestimate the roles that benefit them, such as health care coverage and retirement plans. These roles are key factors in retaining top talent.
In contrast, a recent MetLife study reports that nearly one-third of today’s employees say benefits are an important reason why they came to work for their employer. At the same time, nearly four in ten of full-time employees say the benefits offered to them are an important reason they remain with their employer.
That is why LYNOUS works with companies to begin total compensation communications before as well as after hiring a candidate. This is done to develop a full understanding of, and appreciation for the benefits and compensation structure being offered.