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Total Rewards: Crafting a Competitive Advantage
Manage episode 441882044 series 3384939
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In this episode, John Komosa, Director of Global Compensation at Generac, shares insights on how the company approaches compensation and benefits in a global marketplace. He discusses key influences like the economy, industry changes, and market alignment across various countries and industries. John also highlights the challenges Generac faces in the competitive engineering and technology job markets.
Key Takeaways:
- The importance of market influences and economic conditions on compensation
- How Generac aligns compensation strategies globally while considering regional differences
- The role of benefits in total rewards, tailored to generational and individual needs
- Strategies to attract and retain talent in a tightening labor market
- Utilizing compensation surveys and consultants to ensure market competitiveness
Tune in to learn how a global company navigates the complexities of compensation!
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