Competition to attract and retain talent in the IT sector prevalent prior to the pandemic, combined with salary increases in the sector across Canada expected to average 4.2% to 5.8% for 2023, technology companies need to understand what attracts candidates and employees.

With International Week of Happiness at Work behind us, we now need to reflect on what actually drives employee happiness.

Compensation experts at Normandin Beaudry stated in their recent press release that: “…addressing labor shortage should include measures that do not exclusively involve an increase in fixed costs, such as pay raises. Rather, a compensation strategy that offers a combination of monetary and non-monetary components can go a long way in helping organizations stand out from the pack.”

Big Bang, an international B Corp certified consulting firm that helps organizations optimize and streamline processes, has been focused on this philosophy since its inception in 2014.

The company is committed to striking the perfect work-life balance and created the ‘SoWell’ Committee to ensure happiness objectives are met. Additionally, it complements traditional compensation strategies with lunch and learns, mentorship programs, yoga and fitness programs, state-of-the-art facilities, work pods, family kitchens, and paid training and management programs.