Align your total rewards investment with the employee experience
WTW Total Rewards Optimization (TRO) helps your organization find its total rewards sweet spot — where your budget delivers rewards programs employees most value — while revealing how changes to different total rewards offerings affect employee behavior and performance.
Analytics and market research empower HR leaders to better understand the expectations of a diverse, multi-generational workforce and to secure a better return on their investment.
With Total Rewards Optimization, you will:
Give employees a voice in their total rewards as part of an employee listening strategy
Inform your total rewards and employee value proposition strategy by leveraging conjoint analysis, a sophisticated survey methodology used by market research professionals to understand customer preferences. You’ll learn which rewards employees value most.
Model the cost and impact of changes on attraction, retention and engagement
Assess the return on your total rewards investment as well as the impact of the program on your workforce by combining employee preferences with financial data. Model various investment scenarios and determine how much to invest and where to get the best possible results for the smallest possible investment.
Eliminate guesswork from total rewards plan design
Help leaders make the right investment decisions and deliver an employee value proposition that fosters desired attitudes and behaviors at a cost the organization can afford.
Develop unique total rewards strategies for diverse workforce segments and nontraditional workers
Use segmentation to understand the different priorities and attitudes of a multigenerational and diverse workforce towards benefits, salaries and work/life balance to build a competitive edge in attracting, retaining and engaging top talent.
Let us help you find your total rewards sweet spot.