Instead of just focusing on performance, employers should reconsider compensation policies in order to retain talent, says Aon Hewitt. Conducted by consultancy Aon Hewitt, the poll said both voluntary and involuntary turnover rates are highest among junior managers and supervisors. While the pay for performance model has its merits, employers must also embrace their responsibility to equip junior managers as they transition from individual contributor roles. The rate of variable pay ranges from 15% at support level to 18% at individual contributor and management level, and 20% at executive level. Individual performance awards are offered by 72.2% of employers while 38.9% offer special recognition as a short-term incentive to retain employees.

Source: Bangkok Post November 18, 2016 00:16 UTC