Are you looking to develop more compelling Total Rewards programs that engage your people in a better talent experience and power your organization’s success? We can help you approach Total Rewards from a strategic perspective, identifying the rewards that employees value most across the entire spectrum of possibilities and using the resulting insights to develop an integrated, truly “Total” Rewards portfolio.
We emphasize an approach to strategy development and delivery that treats employees as consumers and includes all Total Rewards elements:
- Pay: Addressing global and region-specific pay challenges; balancing fixed and variable pay, aligning pay to the external market and to support gender equity, legislative change and the rapidly evolving landscape of work
- Benefits: Optimizing the benefit portfolio, financing, delivery and employee experience to meet evolving talent and organizational needs
- Careers: Transitioning from career management to career enablement through agile, personalized experiences that optimize organizational and individual needs
- Wellbeing: Addressing the full wellbeing spectrum: physical, emotional, social and financial challenges and opportunities
We will work with you to analyze your business strategy, plan and performance, among other items, and combine these with market and employee insights to inform your Total Rewards philosophy, strategy and subsequent design and implementation decisions.
Once the desired future state of Total Rewards is established, it is possible to define a Total Rewards approach for different talent segments (e.g. critical talent) and develop a differentiated Total Rewards portfolio and talent experience for those segments.
A Total Rewards strategy can help organizations vary their spend and allocation of their total budget in line with business needs and financial constraints. At the same time, employers can better align rewards with employee preferences to get the best value, promote specific behaviors and drive higher productivity.
The right strategy can help you reimagine your Total Rewards portfolio, inspiring your workforce and fueling the growth of your organization.
