As Andrada contends, creative approaches that meet emerging needs across the mosaic of modern workers will define best-in-class total rewards programs going forward. Best Practices for Total Rewards ProgramsAn effective total rewards program is crucial for attracting and retaining top talent in today's competitive labor market. As employees reassess their priorities and expectations of employers, organizations must evolve their rewards programs accordingly. Align Programs to Business StrategyToo often, rewards programs operate in isolation from broader objectives. Effective total rewards tie directly to strategic goals around growth, agility, innovation, or industry leadership.

Source: CNN November 05, 2024 19:36 UTC