Many times, when people consider compensation, they think hourly wages or salary. Money is an important part of compensation, but it is not the only measure of performance and experience, nor should it be the only reward. I specifically mention performance and experience because these are two important factors in determining compensation (and rewards!) for employees at any level in your organization.

By this point, we’ve all heard the term “The Great Resignation.” The influence of the lockdown on lifestyle and mindsets brought people to a place where they re-evaluated their personal happiness index. [Learn more about The World Happiness Report here] This led to many individuals in 2021 leaving their current positions – and at times leaving their employer in a lurch – to pursue other options.