Remuneration and retention in a privately-owned technology company
Introduction
As with many other organisations in China, Guangdong Waterproofing Technologies is having trouble attracting and retaining suitable staff. This company is using a number of attraction techniques based on remuneration and profit-sharing, along with assistance from the local government to attract young workers to the province. These younger workers, however, are not targeted specifically for this industry, and the company has to compete with other businesses that are experiencing similar problems in attracting and retaining staff in the area.
Remuneration is one tool that the organisation is using as a retention strategy. The remuneration techniques used are a ...
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