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The bottom-line benefit of wellness programs is not a new phenomenon: Johnson & Johnson estimated well-being programs saved the company $250 million in healthcare costs over a 10-year span from 2000 to 2010.

.; ;Ensure communications campaigns are targeted and personal, such as a digital calculator for younger workers illustrating how much they can boost contributions by reducing takeout and food delivery or shopping for a new mobile plan; a reminder for parents to save earlier in 529 plans to better balance their own retirement savings; or a suggestion to “pay yourself first” with increased retirement contributions when an employee receives a raise.; ;Provide comprehensive financial education to help workers comprehend the impact of starting to save earlier and to deliver age- and life-stage-specific investment strategies as well as budgeting guidance — whether through workshops, on-demand webinars, access to financial planners or digital tools like retirement projection visualizers.; “By helping employees build both short- and long-term financial resilience, employers can foster a healthier, more future-ready workforce,” Sette said.

A new WorldatWork pulse poll finds organizations are beefing up their 2022 merit increase budgets to accommodate talent amid a tight labor market.

“These programs are especially good for people who are looking to move to a new location, but want to continue working remotely,” she said.

This provides a built-in truth-sharing moment between total rewards professionals and current staff, as well as with applicants and new hires.

Measuring Progress and Success After making changes to a rewards program or implementing a new one, now-and-then comparisons of employee satisfaction, turnover rates, absenteeism, productivity or the amount of time it takes to onboard new employees all can indicate measurable value .

This can set it up for failure when the workforce is unable to support new products or services as needed.

A dynamic speaker and bestselling author, Scott’s most recent book, The New Work Exchange: Embracing the Future by Putting Employees First, was published in 2023 and quickly became an Amazon bestseller.

The six or so weeks that led up to that day was a whirlwind of video interviews, follow-up emails and electronic signatures on new employee forms.

New employees need to be fully oriented to your core cultural values.