Executive Space

Managing your team's total compensation is crucial for your company to remain competitive in today's market. This goes beyond just salary; it encompasses employee benefits, work flexibility, and professional training and development. For this reason, conducting compensation benchmarking becomes essential. This process involves analyzing and understanding the total reward practices of companies similar to yours, providing valuable insights to design an attractive and competitive compensation package.

In today's demographic landscape, managing senior talent (professionals aged 50/55 and over) has become a crucial strategic challenge for companies. The vast experience, consolidated knowledge, and strong work ethic of this group are invaluable assets. So, how can we retain and leverage this potential? We'll analyze compensation policies in Spain, comparing them with the U.S. model, to identify strategies that boost senior professional engagement.

Despite an increase in activity rates among 50 to 64-year-olds in Spain, challenges like senior unemployment and a decline in labor participation after 60-65 persist. Ageism and the cultural perception of retirement as a definitive withdrawal limit opportunities. Many SMEs also lack specific programs to retain and develop this crucial talent.

It's essential to rethink talent management strategies, especially compensation and benefits policies.

The design of compensation packages is not just a matter of numbers. With an increasingly competitive talent market, finding the balance between stability and motivation is key to attracting and retaining top professionals. How can you achieve this? Through transparency, education, and a strategy aligned with talent expectations.

Negotiating a compensation package is one of the most critical stages in the recruitment process. At Servitalent, we refer to it as “the last mile”, the decisive moment when both the company and the candidate define the terms of their future professional relationship. Yet, it's also a stage where many mistakes tend to occur, which can hinder the hiring of qualified talent or create internal issues in the medium term.

Here’s a breakdown of the most frequent mistakes and how to avoid them to strengthen your talent acquisition and negotiation strategies.

The recent announcement by the Spanish Government regarding salary increases for the military has reignited the debate around pay equity and the need for structured salary reviews in any organization. While this raise has been welcomed by many, it has also sparked criticism when compared to other security forces.

From a talent management perspective, this case highlights the importance of designing salary policies using a data-driven and strategic approach, avoiding reactive decisions that could lead to internal inequalities or financial instability.

For CEOs and HR Managers, especially in the industrial sectors, attracting and retaining talent is a constant challenge. At Servitalent, we enhance our services by adopting advanced technological solutions such as Prosfy, a Big Data-based tool that provides accurate and up-to-date salary information, specifically utilized in our salary benchmarking service.