Total Rewards Effectiveness in a Changing World
Even prior to COVID-19, there were tremendous changes taking place in the workplace – from digitalization to the emergence of the gig economy to an increase in virtual work. The pandemic has accelerated a number of these changes and introduced more – and the only thing certain in the future is more change. This change has fundamentally altered how workers view their rewards and caused organizations to think about what changes they may need to make to their reward programs.
This webinar will focus on how world changes are influencing the way organizations and their workers view Total Rewards and provide a new framework for assessing and measuring the effectiveness of Total Rewards programs. In the webinar, we will explore how these changes are impacting the way workers think about their rewards (e.g., changing value preferences) and how organizations are beginning to rethink their approach to reward programs.
The webinar will look at the approaches some organizations are taking to address these challenges. These approaches include structural approaches such as changes to job architectures, as we well as changes in how rewards are structured and delivered to provide more flexibility to meet the needs of an agile organization.
Finally, the webinar will introduce a new framework for thinking about the effectiveness of rewards and how to maximize the return in the investments in those rewards. The webinar will also introduce a new series of metrics by which to evaluate and track your progress in improving the return on those investments. These metrics will help to provide an answer to the increasing scrutiny being applied to total reward programs.
In this webinar, you will learn how to:
- Drive a better investment and return on your Total Rewards - and how to know you are achieving your desired returns;
- Generate greater value for employees without spending more on your Total Rewards programs;
- Be ready for transparency around your investments and returns on Total Rewards, particularly with the new HCM disclosures coming; and
- Understand the workforce of the future, their values and how Total Rewards can play a role in supporting your strategic objectives.