Workforce Trends Focus on Multi-Generational Compensation
JoTo PR client, Cowden Associates, was featured in a NewsMax Finance byline article titled, Trends Shaping the Workforce for 2020 and Beyond.
As employers plan for the workforce of the future, much time and effort has been focused on training and techniques for managing multiple generations within the workforce.
After all, we must adopt our approach for managing our most important resource. Why then, are we not ceasing the historical approach for a one-size-fits-all method for Total Compensation — providing base pay, incentives, retirement, time off, ancillary benefits, and perquisites?
It is essential to consider alternative approaches for creating and implementing Total Compensation packages. Now that multiple generations exist in the workforce, all with varied attributes and differences, a one-size-fits-all Total Compensation approach should no longer be considered. These new approaches must also be cost-effective, compliant, and competitive.
Cowden Associates, Inc., headquartered in Pittsburgh, PA, was created in 2001 by the merger of Halliwell and Associates and MMC&P Spectrum Benefits, which was founded by Jere Cowden in 1986. Currently led by President & CEO Elliot Dinkin, Cowden Associates specializes in helping corporate clients find the best solutions, both for the enterprise and for its employees, regarding compensation, healthcare benefits, retirement and pension issues, and Taft-Hartley fund consulting. Winning Workplaces and The Wall Street Journal have recognized Cowden Associates as a “Top Small Workplace,” a lifetime designation awarded to the executives for their ability to build and lead savvy organizations. For more information, visit http://www.cowdenassociates.com.
NewsMax Finance is an online publication covering finance. Breaking news and analysis offer insight into the American economic and financial picture.
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