Searching Workforce Experience on page 70

For WorldatWork Members How Sharing Real-Time Data Elevates EY’s Well-Being Strategy , Workspan Magazine article;Workplace Wellness: Best Practices Study , Journal of Total Rewards article;How to Calculate the ROI on Your Wellness Program , Journal of Total Rewards article;Employers Ready to Shuffle Health, Well-being Partners for Better ROI, Employee Experience , Workspan Magazine article; Reuse Permission Employers looking for a refresh, a total overhaul or a first stab at a well-being program this year will want to keep abreast of current wellness trends, allow technology to offer a helping hand and account for their individual workforce’s needs.

More and more total rewards and HR leaders say their organizations are working to identify and address pay inequities in their workforces.

But compensation and benefits leaders also learned that advising and managing a truly international workforce today is different from the traditional expatriate assignments.

We contend that any one approach noted above does not consider the totality of what an employee experiences at work, and that the aggregate experience is what counts.

What would an HR executive working with a CFO want in that design to attract the workforce of 2030 rather than the workforce of 2010 or even 1990?

For example, WTW’s 2024 Global Benefits Attitudes Survey , which included 10,000 U.S. employees working at medium and large private-sector employers, found workers with financial problems: Are two times more likely to miss work;Are two times more likely to be searching for a new job;Are over three times more likely to be in poor health;Experience three and a half times higher levels of anxiety or depression.; Employees also desire employer-provided support, Hanko said.

Besides generally keeping pay increases above the 3% range (to remain competitive and in line with recent years’ outlays), they have taken steps to more strongly support workers by: ;Improving the employee experience (47%); ;Enhancing health and wellness benefits (43%); ;Increasing training opportunities (40%); “As employers navigate continued economic uncertainty, ongoing increases in labor costs and the changing needs and expectations of employees, they are positioning themselves for what is to come and making investments in their workforces that go beyond pay raises,” said Lori Wisper, WTW’s managing director for work and rewards.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: Employee Compensation;Employee Experience;Total Rewards;