Does Bitcoin Belong in Your Total Rewards Strategy?
Does HR know about HODLing? The fact is that many employees – particularly younger ones – are HODLers themselves. And many of them would like to be able to allocate some of their 401(k) assets to bitcoin and other cryptocurrencies. A recent decision by the U.S. Department of Labor may encourage more employers to consider…
Here Come the Robots
Two recent articles illustrate why some workers may be growing uneasy about their future prospects. As Chip Cutter writes in his article, “[the] long-running war for talent sounds more like a war on the talent these days.” He goes on to quote several corporate leaders who are taking a harder line on return-to-office mandates, work-life…
Connecting the Dots with Total Rewards Statements
As organizations strive to engage employees and drive performance, it’s not just what they offer; it’s how they communicate it. A total rewards statement – a clear, personalized snapshot of everything an employee receives in exchange for their work – is a key element of effective employee communications. Total rewards statements help connect the dots…
Beyond Benefits: Your Total Rewards Strategy Matters More Than Ever
Key Takeaways: Employee benefits are just one component of a broader total rewards strategy that includes compensation, recognition, development, and well-being. A well-communicated total rewards strategy helps employees see the full value of their role, increasing engagement, trust, and retention. Organizations that go beyond standard benefits and invest in total rewards are more likely to…
Total Rewards Statements in the Virtual Work Era: More Important Than Ever
Key Takeaways: Total rewards statements are essential in helping remote and hybrid employees understand the full scope of their compensation, improving satisfaction and trust. Transparent communications about employee benefits, wellness support, and performance incentives enhance employee engagement in a virtual work environment. Companies that prioritize total rewards communications are more likely to retain talent, promote engagement, and…
Total Rewards Communications: A High Priority for the Future of the Workforce
Key Takeaways: Clear and effective total rewards communications help young professionals understand their full compensation package, increasing satisfaction and loyalty. Transparency around benefits, bonuses, and development opportunities can significantly boost engagement among younger employees. Employers who actively communicate total rewards are better equipped to attract top talent, improve retention, and foster a positive workplace culture….
Total Rewards Statements Influence Company Culture: Here’s How
Key Takeaways: Total rewards statements offer a unified view of compensation, strengthening company culture by promoting transparency and trust. A clear understanding of total rewards aligns employees with company values, fostering a culture of appreciation and respect. Well-communicated total rewards statements drive higher engagement, satisfaction, and loyalty, creating a more cohesive and productive work environment….
Total Rewards Statements: Combating Burnout, Mental Health Struggles, and Promoting Work-Life Balance
Key Takeaways: Total rewards statements (TRS) help combat employee burnout by clearly outlining the full scope of compensation and wellness benefits. By highlighting mental health resources, wellness programs, and work-life balance initiatives, total rewards statements can reduce stress and enhance overall employee well-being. Transparent communication through total rewards statements fosters trust and demonstrates that employers…
Why Employees Want Total Rewards Statements: Insights from Modernizing Total Rewards
Key Takeaways: Employees are looking for clarity and transparency in their total compensation packages. Total rewards statements help employees understand the full value of their benefits, beyond just salary. A unified approach to compensation drives employee satisfaction, trust, and engagement. Across industries and job functions, employees want a full, transparent view of their total compensation—the…
Why Clear Communication Drives Employee Engagement
Key Takeaways: Total rewards communications offer a unified view of an employee’s full compensation, driving clarity and trust. A compartmented benefits strategy often leads to fragmented understanding, making it harder for employees to appreciate their full compensation package. Clear, holistic communication through total rewards communications boosts employee engagement, satisfaction, and long-term loyalty. In today’s workplace,…