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Rethinking total reward strategies

strategy-business.com

  • Employee groups are becoming heterogeneous. 
  • Standard blanket homogenous rewards and benefit offerings are no longer ideal for employees.
  • Employees have started to prefer organisations that offer a basket of reward options based on their individual preferences. 
  • This ...

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  • Am I aligning rewards offerings with organisational purposes?
  • Am I accounting for post-covid remote working realities where lines between work and home are blurred?

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Collect Data -> Analyse Data -> Creatively customise the offerings -> Communicate new offerings -> Implement wisely -> Monitor and evolve. 

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Remote working has blurred the line between work and life. This article talks about the contributions of research and sharing it with employers in order to assist their employees' needs better. Leaders now view well-being not just as an employee benefit but as an opportunity to support employees in all aspects of their personal and work lives.

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