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As employers come under increasing pressure to boost pay for performance and employ fair pay strategies in the workplace, they’re rethinking the programs they already have in place, according to a new survey from Willis Towers Watson.
Its “2018 Getting Compensation Right Survey” reveals that a number of factors are leading bosses to make or consider changes to their programs. While cost is the top-cited factor, at 71 percent, also affecting those decisions are manager feedback (63 percent), the changing marketplace (61 percent) and feedback from employees (59 percent).
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61% of employers surveyed consider caregiving benefits to be a top priority for their business and employees, yet 22% consider themselves as below average in developing caregiving benefits. Download this info sheet to help your clients remain competitive by offering a care benefit package.