Align your reward investments with the employee experience
WTW Total Rewards Optimisation (TRO) helps your organisation find its Total Rewards sweet spot — the intersection that aligns what and how much you spend with what your employees value most and least across the rewards you offer — while uncovering how reward changes affect employee behaviour and performance on the job.
Total Rewards leaders are using analytics and market research techniques to better understand the expectations of a diverse, multi-generational workforce and to secure a better return on what is typically a significant workforce investment. With Total Rewards Optimisation, HR executives can:
Give employees a voice in their rewards as part of a broader employee listening strategy.
Inform your Total Rewards strategy and talent value proposition by understanding which rewards employees value most and least using a sophisticated survey approach called conjoint analysis, a survey methodology used by market research professionals to understand customer preferences.
Model the cost and impact of reward changes on attraction, retention and engagement.
Assess the return on your Total Rewards investment as well as the impact of the programme on your workforce by combining employee preferences with financial data. Model various investment scenarios and decide how much to invest and where to get the best possible results for the smallest possible investment.
Eliminate guesswork from plan design.
Use data to understand what employees see as the most and least valuable components of their reward packages. Help leaders make the right investment decisions and deliver a talent value proposition that is likely to foster desired attitudes and behaviours at a cost the organisation can afford.
Develop unique rewards strategies for key workforce segments.
Use segmentation to understand the different priorities and attitudes of a multigenerational workforce towards benefits, cash and work/life balance and build a competitive edge in attracting, retaining and engaging top talent.
We can partner with you to shape a unique integrated approach to your Total Rewards, enabling your employees to thrive and your organisation to prosper.
Let us help you find your Total Rewards sweet spot.