Health care and other benefits costs are rising fast and there is a fierce battle to recruit and retain the top-performing employees. The perceived value of a compensation and benefits package is very significant to most. Is there a way to reconcile these two trends, keeping employees engaged while also holding the line on cost increases?
Join Pam Weems and Robert Tate of PwC to discuss a compelling approach to assessing what the market is offering and what employees value as it relates to their total rewards. We will discuss how this approach helps answer some very important questions such as:
Can I reduce costs without hurting employee satisfaction, engagement and retention?
What is the overall competiveness of the rewards we offer?
What rewards package best aligns with our Business Strategy?
What do our employees really want from their rewards? Can we offer it?
How should we rebalance our resources to ensure we are spending our rewards budget efficiently?
What are the fiscal and human capital risks associated with different reward structures?.