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12 benefits and compensation tweaks to find and reward talent

May Second Stage Benefits and CompensationFor companies across a range of industries in Southeast Michigan, gaps in the workforce are top of mind.

IT workers, skilled tradespeople, health care workers and anyone schooled in the STEM disciplines of science, technology, engineering and mathematics are in high demand. And some slots are expected to come under more pressure as baby boomers retire.

Stepping up recruiting is one-half of the solution, but what about the benefits and compensation side? As second-stage businesses grow, owners increasingly find themselves competing for talent with bigger competitors but lacking resources to offer big benefits and pay.

The good news is they don’t necessarily have to. Business experts, human resource professionals and business owners say companies should look beyond traditional benefits and compensation to softer — and less expensive — factors such as fringe benefits, career development and flexible schedules. … Read more at crainsdetroit.com

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