The Future of Compensation

The Future of Compensation

  • Resource

Is your organisation prepared to shift its compensation strategies toward a more human-centric approach?

Skill development and the pursuit of career aspirations remain the driving force behind the employee experience today. It is key for organisations to adapt to the evolving expectations of their workforce regarding recognition and rewards to address the challenge of talent turnover. 

The Future of Compensation guide gives you everything your organisation need to create a holistic rewards package designed to genuinely benefit their employees. those combined offerings that enable them to make a living wage, improve health, and grow professionally all while creating a fairer organisation overall. Looking ahead, 2023 and with persistently high inflation, the possibility of salary increases failing to match the pace, it presents an opportune moment for managers, leaders, and Compensation and Benefits (C&B) professionals to collaborate. 

Get started with building and sustaining compensation practices that improve retention and boost the employee experience start with leadership:

  1. Create a modern total rewards strategy

  2. Invest in “pay equity” technology

  3. Customise reward offerings

  4. Communicate the value to employees

As inflation remains high and salary raises may not keep pace, it is a ripe time for managers, leaders, and C&B to come together and think about the total rewards package that will make a real impact for employees.

Download the Fit for Future guide and equip yourself with the most up-to-date market data as we move into 2023 and beyond.

Get the resource

*XpertHR may email you with information about its products, events and other services.