There has been a tectonic shift in the world of work. How will your organization adapt your total rewards strategies and practices to respond to the internal and external drivers of change?
The changing landscape will continue to shape the behaviours and expectations of both employers and employees.
The results of our most recent Pulse on Total Rewards survey revealed that:
- Only 10% of respondents felt their total rewards function was “very effective” while 59% indicated that their total rewards function was “moderately effective”;
- More than half (58%) of organizations changed their compensation structures or plans in 2022; and,
- The majority of organizations (74%) spend less than a quarter of their time working on forward-thinking or strategic initiatives.
…and more.
In this report, we seek to provide data and insights that support organizations in making evidence-based decisions on how to optimize your total rewards in a way that is consistent to your unique culture, strategy, and goals.
Author: Kathleen Jinkerson, VP HR & Total Rewards Solutions at The Talent Company.
