Report cover image

Talent Retention: Modernize the Total Compensation Statement

Publisher IDC
Published Mar 17, 2022
Length 5 Pages
SKU # IDC17035968

Description

Talent Retention: Modernize the Total Compensation Statement

This IDC Perspective helps employers make sure that the workforce is aware of the full investment the company has made and is making in them on a regular basis. There has been tremendous turnover in the workforce over the past 18–24 months due in large part to the COVID-19 pandemic. Given the level of job abandonment, it is no surprise that the top workforce challenge according to IDC's survey of HR decision makers was reported as attracting the right talent. When every employer is losing workers at the same point, the competition becomes intense for the scarce talent available."Employers need to step up communication with the workforce in order to retain workers," says Lisa Rowan, research VP, Modern HR Strategies, IDC. "One method of communication that can be brought back and modernized is providing a comprehensive view of total compensation. Employees often report a lack of visibility into compensation and so this type of communication can prove valuable in instilling trust."

Please Note: Extended description available upon request.

Table of Contents

5 Pages
Executive Snapshot
Situation Overview
Top Workforce Challenges
Reskill and Retain
Everything Has Value
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us