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Words: | Submitted: Mon Mar 29 2004
... best talent for a particular job. The business owner's toolkit (2004) describes wages as "the primary reason employees work for you." Compensation packages with good pay and benefits can help you attract and retain the best employees. Successful organisations have recognised that money is not the only thing that attracts, recruits and retains employees but it is still a dynamic element to employees and future employees. Cunningham (2002, p.2) details the ways in which successful companies should go about the compensation they offer. She states that successful companies striving to attain the best talent should "find sources of salary information, conduct salary surveys and share information with competitors so you can help retain employees who might leave because they are underpaid". Another way in which organisations attract, recruit and retain employees is by creating good working conditions. Supporting this argument Stup (2004 p.1) says that you must ensure 'that ...
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