Even in difficult times, high-performing companies remain committed to their employees as well as their organizational purpose and values.
Purpose, certainty and sustainability during COVID-19
Apr 17, 2020 11:33:00 AM / by The HR Trove by Willis Towers Watson posted in compensation, total rewards, communication, talent, health and benefits, COVID-19, Coronavirus
2019 Severance Plan Design Survey Results: market insights on severance plan design principles
Jan 28, 2020 3:19:38 PM / by The HR Trove by Willis Towers Watson posted in compensation, future of work, compensation strategy, compensation design
Willis Towers Watson’s 2019 Severance Plan Design Survey offers insight into severance design features for all levels in an organization.
Digital transformation demands focus on work and skills
Dec 16, 2019 5:02:51 PM / by The HR Trove by Willis Towers Watson posted in compensation, future of work, compensation strategy, compensation design
New digital technologies are rapidly disrupting traditional business models and creating an increased demand for digital talent—workers with the skills (e.g., artificial intelligence, big data, digital strategy, digital marketing) needed to support the digital transformation of an organization.
Managing human capital to drive the optimal Talent Experience
Jun 10, 2019 10:35:41 AM / by The HR Trove by Willis Towers Watson posted in compensation, recruiting, human resources, talent
Inclusion and diversity are an integral part of the Talent Experience
As organizations seek to develop sustainable human capital management practices, they must understand the importance of what we call the “Talent Experience.”
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
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.
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
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.
Are you paying your employees too much – or not enough?
Mar 29, 2018 5:49:31 PM / by The HR Trove by Willis Towers Watson posted in compensation, data
Designing pay plans that fit with your budget and are also robust enough to attract the right workforce to support your business strategy is a challenging balancing act. However, the right research and preparation will help ensure your compensation strategy is in step with your industry. Compensation data gleaned from participation in surveys is a proven way to make sure your strategy is competitive.
A Total Rewards lens can bring the new U.S. tax law into focus
Feb 27, 2018 1:17:00 PM / by John Bremen posted in News, Trends, Regulatory, taxes, employees, benefits, compensation, workforce
This blog was originally published on the Willis Towers Watson Wire, February 15, 2018.
Expanding Outside the U.S.? Here’s What You Need to Know about Paid Leave and Workforce Planning
Feb 13, 2018 4:20:41 PM / by Darryl Davis posted in News, Regulatory, Paid time off, employees, benefits, global, compensation, workforce
In today’s talent management environment, the most successful employers are the ones who listen. In Willis Towers Watson’s 2017/2018 Global Benefits Attitudes Survey, we see that benefits are more important to employees than ever before. While retirement and medical benefits tend to top employees’ list of priorities, paid time off ranks relatively high around the world. Additionally, the topics of workforce flexibility and work-life balance continue to receive significant attention from employers who want to attract, retain and engage talent. More and more, top employers give prominence to employee success, satisfaction and security outside of the workplace, as well as within, as part of their employee value proposition, in effort to help them stand apart from competitors vying for the same talent pool.
Expanding Outside U.S.? What You Need to Know About Rewarding Your Employees
Jan 16, 2018 10:55:30 AM / by Darryl Davis posted in News, Regulatory, employees, global, compensation
It’s no secret that in order to successfully attract and retain talent, employers must establish competitive and sustainable pay policies. But often, much attention goes towards determining “how much” and “who” without taking other facets of reward into consideration. In many markets around the world, getting pay right may also involve other aspects, such as “what” in terms of specific elements and sometimes even “when” they must be paid. Pay aspects such as these may be statutory obligations for employers, mandated by collective agreements or simply customary practice in specific markets. What’s more, local tax treatment may incentivize specific elements of pay but that’s helpful only if employers are aware of the programs and their benefits. For ‘new’ employers in a market, ignorance is not blissful. Rather, it’s often expensive, both in terms of controllable employment costs as well as employers’ long-term ability to retain staff.
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