1、Mapping the new Total Rewards journey Rethinking the value proposition for an evolving workforce Global findings from the 2018 Modernizing Total Rewards Survey In the new world of work, the process of designing and delivering Total Rewards programs becomes an ongoing journey requiring regular course
2、 corrections to address the evolving needs of both the workforce and the organization. Mapping the new Total Rewards journey 1 Table of contents Introduction.2 Leaders: what they do differently .3 Leaders have a strategic mindset .4 Leaders aim for a consumer-grade experience .5 Identifying the gaps
3、 .6 1. Understanding what employees value .6 2. Addressing the needs of the whole person through wellbeing initiatives .6 3. Using technology to improve employee insights, communication and decision making.7 4. Measuring the cost and impact of programs .9 5. Prioritizing fairness, purpose-driven ben
4、efits, and inclusion and diversity .11 Setting priorities .13 Mapping your pathways.15 Mapping the new Total Rewards journey Global findings from the 2018 Modernizing Total Rewards Survey 2 Figure 2. Leaders stay ahead of competitors with breakthrough approaches to Total Rewards design and delivery
5、They take the following steps to develop a differentiated portfolio of Total Rewards programs: Think strategically and incorporate all Total Rewards components into their offerings Use analytics to better understand the expectations of their diverse, multigenerational workforce Make savvy use of lat
6、est technology to engage their employees where they are By taking these actions, leaders position themselves to deliver a consumer-grade experience. Figure 1. Leaders think strategically and incorporate all Total Rewards components into their offerings Pay Addressing global and region-specific pay c