Putting People First: Taking a Personal Approach to Total Comp Statements
Key takeaways: Personalized Design: RewardsFocus offers custom-designed total comp statements tailored to reflect your company’s culture and values, ensuring clarity and engagement. Expert Collaboration: Work directly with seasoned HR and data analysis professionals to create total comp statements that align with your specific objectives and branding. Enhanced Communication: Our approach to both content and design…
Total rewards communications: increasingly critical to employee retention
Key takeaways: In order to engage and retain their workforce, organizations should prioritize more effective total rewards communications. Some recommendations for how to do so include: Design statements that reflect company values and mission. Personalize communications with narratives and acknowledgment of individual contributions. Collaborate with experts, rather than simply relying on software. Use charts and…
Why a Narrative Approach to Total Rewards Statements Matters
Key takeaways: Leading organizations are adopting agile, personalized, and holistic total rewards statements to attract and retain talent. Tailoring total rewards statements to specific audiences enhances employee understanding and appreciation of benefits. Customized total rewards statements provide a narrative (rather than just raw data), making it easier for employees to internalize the value of their…
Big Changes Ahead for Retirement Plans
Earlier this week, the House of Representatives overwhelmingly approved the Securing a Strong Retirement Act – also known as “SECURE Act 2.0” – in a bipartisan vote (the bill passed 414 to 5). While the bill needs to be taken up the Senate (check out this refresher on how a bill ultimately becomes law), if…
Creative Benefits for the WFH Era
Someday, we will go back to the office. In the meantime, employers are getting creative when it comes to total rewards in the age of social distancing and working from home. Free snacks and a foosball table aren’t much help when people can’t be together in an office. Example of ways in which employers are…
Three Workplace Takeaways from the World Series
The 2019 Washington Nationals completed a remarkable turnaround to win the World Series and become the first Washington, DC baseball team to win it all since 1924. But beyond capturing a championship, this team’s epic run leaves us with important lessons that go far beyond baseball. Here are three: Chemistry Matters People who follow baseball…
Giving Workers What They Want
As workers continue to be well-positioned in a strong economy with low unemployment, employers are strategizing about how best to recruit and retain a strong, stable workforce. Many employers will be tempted to use gimmicks that were first made popular years ago among trendy tech firms– think ping pong tables and free snacks. But in…
Total Compensation Statements Help Employers Recruit and Retain Top Talent
A recent article in Employee Benefit News notes that U.S. companies continue to be cautious when it comes to handing out raises and bonuses. But in today’s environment of historically low unemployment, employers still need to compete in order to recruit and retain top talent. One tactic they are embracing is improving their benefits offerings. Unfortunately for…
Are Your Employees Thankful for Benefits?
A recent article in Employee Benefit News examines an emerging trend of employers making changes to existing benefit offerings with the goal of increasing employee retention and boosting recruitment efforts. While the article focuses on examples of companies adding new benefits, it also mentions the following example of a situation in which a current benefit…
New Survey Shows Link Between Understanding and Appreciation of Total Rewards
Over breakfast the other day with a CEO friend of mine we were discussing the ongoing challenge of recruiting and retaining good employees. As we were chatting, I showed him a few examples of total compensation statements that RewardsFocus had recently delivered; he commented on how necessary these communications are since so many employees just…