Enhancing Employee Experience is Focus at Freeport
Being able to attract , hire and retain employees may seem straightforward , but it requires looking at the big picture and what current and potential employees value .
“ The pandemic has changed the relationship between people and their work . Employees are looking at everything a company offers – not just their compensation and benefits package – and deciding what makes them happy and whole ,” said Pam Masson , Vice President and Chief Human Resources Officer .
Today , companies like Freeport must navigate evolving and challenging business outlooks while facing stiff competition for talented employees . This makes it critical to have the right approach and mix of elements to appeal to job seekers and employees .
Helping the company do just that is the corporate HR team , which partnered with a third-party consultant to conduct a market review of Freeport ’ s offerings . The evaluation , which included input from employees , indicated the company either leads or competes – but doesn ’ t lag – in various elements , such as benefits , compensation , well-being and development opportunities .
The HR team is now using the results to further develop and deliver a strong employee experience that attracts talent , supports retention and boosts engagement through various offerings .
Some recent actions include :
• Providing salary increases to eligible employees based on various factors , including market data and individual performance
• Absorbing 2023 benefits cost increases as one way to assist with sustained inflationary pressures
• Offering a new employee assistance program with a mental wellness focus
• Modernizing job titles to better reflect the work
• Launching a new learning management system to support development
• Providing Coaching for Success training to upskill and develop leaders
“ We continually challenge ourselves to find ways to support employee growth , connection , well-being and understanding of our total compensation package ,” Masson said . “ We ’ re on that journey now and are excited to share more about this as we evolve our programs .”
Company ’ s Commitment
Freeport is committed to providing an employment package that recognizes excellence , rewards value and impact , and encourages safe production . Some elements include compensation , industry-leading benefit programs , development opportunities , job progression and a culture supported by our core values .
Each element is important to how the company attracts , motivates and retains great talent as well as supports the well-being of employees and their families .
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