Organizations would rather invest in employees well-being than give them actual cash, and well-being spending is up by more than 7 percent this year. (Photo: Shutterstock)
Jobs just aren't as rewarding as employers may think they are.
According to Deloitte's 2019 Global Human Capital Trends report, not only are organizations transforming themselves to better meet the challenges of a changing world but they're having to work harder at attracting and retaining workers.
And they're not doing a very good job of it when it comes to the rewards of work—from pay to the intangibles. Simply put, the report's authors write, “Rewards programs are falling behind both internal and external expectations.” While workers are looking for money, that's not all they want—and organizations “have been guessing and don't know what their people want or value” in terms of other rewards.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
