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Shaping a flexible Total Rewards experience

May 16, 2019 1:00:00 PM / by The HR Trove by Willis Towers Watson posted in compensation, human resources, benefits enrollment, total rewards

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From agile teams to the gig economy, flexibility underpins our new ways of working. In order for Total Rewards to support today’s evolving work ecosystem, programs must flex not only with changing business needs but also with the shifting expectations – especially regarding choice – of a diverse, multi-generational workforce.

Rethinking Total Rewards in this way will help unlock the full potential of employees and shape a better Total Rewards experience.

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Digital transformation will require HR transformation too

Apr 17, 2019 2:39:07 PM / by Michiel Klompen posted in compensation, human resources, benefits enrollment, total rewards

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Many organizations are struggling to attract digital talent. New approaches to total rewards are needed.

In this Digital Age, many organizations, ranging from large multi-nationals to small mid-sized companies, are facing the need for digital talent to transform their business and drive business results. Many organizations have already started to think about their digital strategy, and the impact on business issues including their products, their use of data and their customers’ experience. However, many organizations are less certain about how to manage the HR aspects of their digital transformation.

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Does your HR portal spark joy?

Mar 28, 2019 4:56:08 PM / by Michelle Northey posted in human resources, portal

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Does your HR Portal spark joy? You might have read that title and then read it again to make sure you saw that correctly. And then you may have wondered what kind of crazy question is that? It’s not often that you see the words HR and spark joy in the same sentence.

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How to curb rising health care costs: three strategies

Mar 18, 2019 12:32:08 PM / by Eric McMurray posted in Workplace well-being, Financial Wellness, wellbeing, wellness

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When considering health and benefits strategies for this year, cost containment will be a top priority for employers. Employers face unique challenges when it comes to addressing the health and wellness of their workforce, with employees grappling with health care costs that are rising faster than wages are increasing. It’s critical for employers to ensure they’re tuned in to the health care needs of their workforce so they can be strategic about their investment in health care benefits while maximizing the chances of employee engagement with health and wellness initiatives. 

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Still Achieving Effective Performance Management?

Feb 28, 2019 12:43:19 PM / by Pam Murray posted in performance management

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Shifting skillsets and new diverse workplaces create an environment whereby employers need to make some changes in order to remain competitive in attracting and retaining key talent.

One such HR Program that continues to evolve and require attention is that of performance management.  According to our 2017-2018 Global Future for Work study, breakthrough approaches were identified to meet the evolving workplace – they included, leadership development, organizational structure and effective performance management all of which remain critical to engaging talent.

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What Employers Can Do to Help Prevent Workplace Harassment

Jan 23, 2019 10:37:03 AM / by James Cortez, Ph.D. posted in Change leadership, workforce, performance management

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You’ve seen the headlines, as one notable man after another has a disgraceful fall from power after many women have bravely come forward with their stories. Beyond the scandals involving Weinstein, Lauer, Moonves, and hundreds of other high profile individuals, today’s workplace environment has seen a significant surge in focus and awareness of sexual harassment. The effects of the #MeToo movement and the Time’s Up Initiative have sparked hundreds of accusations against (mostly) men in power. According to a CNN/Time Survey, 70% of Americans classify sexual harassment as a “very serious problem” compared to 1998 when only 36% of Americans did.

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Innovation in employee benefits: The Student Loan 401(k) “Match”

Jan 7, 2019 3:40:46 PM / by The HR Trove by Willis Towers Watson posted in retirement, benefits, 401(k), student loans

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$1,500,000,000,000![1] At $1.5 trillion in outstanding loans nationally, chances are that many of your new recruits and current employees are struggling to pay down student loan debt, resulting in financial stress and delayed retirement savings. In fact, student loans are so common that 4 out of 10 Americans who have gone to college took out some sort of debt to pursue their degree.[2]

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Gig economy trends and what HR can do to make it a win-win

Dec 12, 2018 10:00:00 AM / by Elizabeth Byerly posted in workforce

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The gig economy trend isn't new. It's just bigger now with more than 57 million workers in the United States freelancing. This equates to about 37% of the workforce. This is significant considering close to half of millennials are freelancing today; and a gig economy growth prediction is that by 2027, gig economy workers will make up most of the U.S. workforce. ("Freelancing in America: 2017", Upwork).

This compelling data raises some important questions about what HR professionals (or someone who has responsibility for recruitment, retention and talent) should do about the impacts of the gig economy at their organization. 

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Your Workforce Is Changing. Have Your Benefits Communications Done The Same?

Nov 16, 2018 2:15:59 PM / by The HR Trove by Willis Towers Watson posted in benefits, communication

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The Workforce is Changing

The disco era brought us many fads: leisure suits, pet rocks and his and her perms. Those are mercifully gone, but the late ‘70s also introduced the promise of a paperless society. It hasn’t happened yet (and may not in our lifetimes), but the astonishing technology leaps over the past 40 years have certainly diminished the need for printed materials.

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How to make messaging come alive for employee wellbeing and benefits

Nov 1, 2018 11:00:20 AM / by Bruce Shutan posted in employees, benefits, Workplace well-being, communication

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A healthy workforce is good for business, but the key ingredient is explaining various benefit programs or resources with clarity, storytelling, visual aids and even humor.

When employers provide the support that employees need to manage their physical, financial, emotional and social wellbeing, they’re able to improve health outcomes and business results in a more meaningful way than traditional health and wellness initiatives. This holistic approach recognizes that helping employees optimize their wellbeing is better for them while also enabling a clear competitive advantage for the organization.

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