How to Measure the Impact of Compensation on Retention

Updated: Jul 15, 2019

Higher pay = higher retention? 

Conventional wisdom would agree with this statement, but in reality, this is not always the case. There are many factors that influence turnover and retention other than compensation such as working environment, commuting distance, leadership, etc. 

The million-dollar questions here are: When does compensation critically affect retention? And how can managers measure its impact on retention?

Listen to HCMI CEO, Jeff Higgins, as he answers these questions. More specifically, he covers the following topics:

  • Using analytics to measure the impact of compensation and other elements on turnover and retention

  • What to pay attention to and what to avoid during your analysis

  • A case study on turnover and retention drivers


Webinar



Slide Deck

Click HERE to download


Speaker


Jeff Higgins

Jeff is a global thought leader with 25 years combined workforce planning, analytics and finance experience supporting Fortune™ 500 companies. Jeff has helped organizations around the world quantify the ROI of workforce decisions and realize cost saving opportunities of up to $1.0 billion USD. 


Jeff is both a former senior HR executive and former CFO, and a regular speaker at HR events. Previously, Mr. Higgins worked in finance at Johnson & Johnson, Colgate Palmolive, Klune Industries and a senior HR leader at Countrywide Financial, IndyMac Bank, and Inform, a leading analytics software co. Jeff is on the SHRM Global Standards Committee on human capital, the Center for Talent Reporting board and founding member, PwC Saratoga Institute advisory council.