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Nothing demonstrates a company’s commitment to its employees quite like its rewards philosophy. (Photo: Shutterstock)

It’s no secret that the U.S. labor market is tight. At present there is less than one job-seeker per job opening in the United States—a situation that is causing organizations of all sizes to reevaluate their rewards strategies.

As the new year unfolds, organizations are facing a number of profound and fundamental changes. Perhaps none of these is as great as the expectation, brought on by societal shifts, that companies will transform from a business enterprise into a social enterprise; i.e., an organization whose mission combines revenue growth and profit-making with the need to respect and support its environment and stakeholder network. This seismic shift is not only impacting companies around the world, but also changing the way candidates judge employers and employment opportunities.

 

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