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Revisited: COVID-19’s impact on incentive plans, sales compensation

Apr 23, 2020 4:00:00 PM / by The HR Trove by Willis Towers Watson posted in total rewards, communication, talent, compensation strategy, compensation design, COVID-19, Coronavirus

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As the COVID-19 crisis escalates, we revisited a question we asked in February about incentive plans and sales compensation.

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How employers can support employee financial wellbeing amid COVID-19

Apr 22, 2020 2:15:00 PM / by The HR Trove by Willis Towers Watson posted in total rewards, communication, wellbeing, talent, health and benefits, COVID-19, Coronavirus

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Actions taken in the coming weeks – the words you say, how you handle difficult news – will be part of your employer brand for years to come.

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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

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Even in difficult times, high-performing companies remain committed to their employees as well as their organizational purpose and values.

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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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5 Keys to Modernizing Employee Benefits

Oct 30, 2018 4:11:57 PM / by The HR Trove by Willis Towers Watson posted in benefits, total rewards

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Several external drivers – from the changing nature of work and the workforce to digital disruption to employee expectations for transparency – necessitate a renewed focus on Total Rewards. Benefits are no exception to the need to modernize: Employees are seeking customization and personalization of their benefits portfolio, especially as the workforce becomes more diverse. Global benefit cost and risk continue to put pressure on company budgets, and benefits technology has created opportunities to improve the employee experience and the administration of benefit plans.

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