This new Deloitte article provides an overview of why and how organizations must continuously adapt total rewards strategies to evolving workforce requirements, primarily focusing on greater personalization. In line with this theme, I’m sharing three resources that provide ideas. Organize Your Rewards Package Around Employees’ Critical Life Moments, where Gartner provides ideas for organizing and communicating …
Organizations invest significant time, resources, and effort into developing a competitive employee value proposition (EVP) that attracts, engages, and retains top talent. However, as employee preferences evolve, it becomes increasingly challenging for organizations to stay informed and ensure that their EVP aligns with workers’ preferences. This article offers ideas for adopting a more systematic approach to …
If you want the latest insights about work, the workplace, and workforce—sign-up to receive my Talent Edge Weekly newsletter by entering your email below. Published every Sunday, 6PM EST. This latest LinkedIn global talent trends report explores labor-market trends and their implications for candidates, employees, and the workplace. The trends are organized into four areas: 1) Hiring, 2) Internal Mobility, 3) Employee …
Many organizations segment their workforce into various categories to better understand the needs and preferences of workers. One lens through which worker preferences have been viewed is “generation”—the different age groups or cohorts of people currently employed or seeking employment in a particular industry or organization. But as noted in this article, work preferences appear to …
As HR and business leaders reevaluate their organizations’ employee value proposition (EVP) to ensure competitiveness, this new article by Amy C. Edmondson and Mark Mortensen provides ideas to consider. They start by presenting four components of an EVP: 1) Material offerings (e.g., compensation, physical office space, location, commuting subsidies, computer equipment, flexibility, schedules, and perks. 2) Opportunities to …
Worker preferences, expectations, and values continue to shift. And while there have been many reports describing how employee preferences are changing, tracking this information across various sources is challenging. This one-page summary includes four resources that provide insights into employee values, preferences, and expectations. Each resource addresses the topic from a different angle and question: 1) LinkedIn …
This new 29-page report by Mercer provides insights into worker sentiment on various workforce topics and issues. The study is based on a small sample of 4,049 US-based full-time employees working for organizations with over 250 employees. The report highlights six key findings of which employers should be aware. Two highlights include 1) Retention. 1 in 3 employees …
Organizations continue to invest in the total rewards component of their employee value proposition (EVP) as many workers place an increased value on benefits and programs that support their well-being and their families. But as pointed out in this Gartner article, it isn’t always evident to employees and new hires that their needs are being …
Employee retention is a key focus of many leaders as workers continue to re-evaluate their preferences and what they value in their employment and employer. As managers and leaders develop and implement tactics to stem unwanted turnover, this article shares three ideas for using career development as a retention strategy. And while career development is …
Many organizations continue to refine their return to office plans while considering insights from various data sources. For example, some sources mention how an impending recession could shift the balance of power back to organizations—where there is a more significant push for a full return to the office. Other sources suggest that new COVID variants will fuel …
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