Eric Mochnacz was quoted in The SHRM Blog speaking on how companies can maneuver in a competitive job market in order to ensure they attract new employees without loosing existing ones.
HR needs to develop internal compensation structures and a pay philosophy based on internal equity, market rates, and what the business can afford – and communicate their approach to pay to their workforce
Eric Mochnacz
A commercial roofing contractor was in hyper growth mode. They had goals to increase their field workforce to expand their service area to additional states and geographical locations. If they were to grow their field workforce, they would also need to increase their administrative, operational and sales headcount to support the additional workload created by increased field work. Additionally, they were challenged in workforce retention and development, experiencing high turnover, and did not have a dedicated Human Resources professional to manage employee relations and compliance issues that come with trying to scale a business.
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