Compensation Strategies: Tips for Small Businesses

Thoughtful compensation and benefits includes more than salary, healthcare, and dental. It involves all aspects that help employees know that they are a valued and appreciated where they work. This factor is so important for helping organizations experience revenue and business growth that it’s a key plank of Mineral®’s Healthy HR framework.

The Healthy HR framework indicates that revenue and growth are tied to employee morale. A key element of morale is a company’s compensation and benefits package. To help your business stay at the competitive vanguard and attract and retain top talent, here are a few strategies to employ in your compensation practices.