Review your corporate playbook: Is your company a great place to work?

• Author: Miller, Derek

GREAT TEAMS SHARE a few common traits such as engaged players, accountable coaching, and most importantly a strong playbook. What makes a company great or one of the best places to work usually has a few key defining characteristics. Developing and periodically reviewing your corporate playbook can help your organization go from good to great and remain elite. As you think about where you work, who you work for, and what your mission or brand says, here are some points for consideration.

COMPENSATION IS KEY

The only thing worse than not being able to find talent is losing that talent. For the most part, keeping employees comes down to one thing--compensation or compensatory benefits like bonuses, wellness programs, free meals, and additional resources. To adequately pay your staff, you must consider the local cost of living, current inflationary pressures and overall wage increases.

Current data demonstrate the importance of manifesting appreciation and a spirit of Inclusion for valuable employees, but no amount of recognition can overcome poor compensation, as an employee's first necessity Is to make a living and support those who depend on that employee's labor, as well. As the adage goes, "you get what you pay for." Star players command top dollar in every Industry, and compensation must match talent.

CULTURE IS GLUE

Often during the hiring process, companies discuss finding employees with the "right fit." A classic example of this is the military. On many occasions an Individual will join one branch of service only to realize their character and interests are better suited to another. Another example Is In the sports industry, where great traditions emerge to distinguish program priorities and levels of expectation required on a given team. Companies that go from good to great establish mission statements, weigh work hours, determine teleworking opportunities, and leadership style around trust and transparency, to name a few. Sculpting your team and company culture will take work, but It will pay off as new talent adopts the culture playbook.

COMMUNITY GIVES PLACE

Employees...