Transition is better than yearly HR bargains

HR professionals need to transition their compensation and benefits plans in order to stay competitive. Moving away from the yearly pay raise gives employers a better chance of retaining the talent they need to keep their business running smoothly.

When thinking of compensation, traditionally people think of yearly incentives. In reality, these year-round incentives can only work for employees who stick with you long enough to qualify for them. Although annual incentives are a great way to keep your workforce invested in your company, it is not the only way to feel appreciated or incentivized. Transitioning from a yearly incentive to quarterly or monthly could be better for the business and its employees because it gives them something exciting and new every few months

I keep telling myself to stay positive, but I’m slowly starting to get fed up. Every year I go through this struggle where I work my butt off, make all of the right connections, and in a short amount of time it seems as though nothing comes to fruition.

It is better to transition than to make yearly adjustments. For example, if you are a person that consumes a lot of caffeine and it’s not good for your health, then it’s best to avoid it for a few months until your body gets used to the change. One year from now you will have needed less caffeine in order to keep your body healthy.

Moving from a yearly HR bargain to a transition is better for both you and your company. You’ll have less stress with transitions because you’ll know what the next year looks like before it happens. Transitioning also makes it easier to avoid annual raises or other costly promises because you’ll know what the exactly salary you deserve is.

Vacation days are a luxury to many companies and employees. They’re great for rewarding work, for building family time and for increasing happiness, wellness and productivity in general. With this in mind, it’s important to take advantage of these opportunities.