Employee benefits Just eight percent of employers say they are very effective at retaining talent, and eight percent say their rewards program was very effective in creating a personalized, flexible solution. (Photo: Shutterstock)

It’s the tightest labor market in 17 years, according to a new report that says personalized employee rewards could be key to hiring, productivity and retention—but companies aren’t seizing the opportunity.

Deloitte’s 2018 Global Human Capital Trends report says that while concentrating on employee well-being not only delivers value in engagement and productivity, it has other benefits to offer as well. However, companies aren’t throwing themselves into providing the kind of personalized benefits that could mean the most to employees, with only three percent of companies saying that their rewards programs are very effective at motivating talent.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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