Live Breaking News & Updates on பவ்க் ஒன்றுபட்டது

Stay updated with breaking news from பவ்க் ஒன்றுபட்டது. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Rethinking total reward strategies


Rethinking total reward strategies
Pay, incentives, and benefits haven’t significantly changed for decades, but people’s preferences have. Employee compensation needs a rethink if companies are to attract and retain talent.
Photograph by The Good Brigade
Recently, a major US insurance broker with 20,000 agents started to question why so many were leaving the company and taking their business books with them. The answer lay in the data about reward. It turned out the company was significantly out of touch with what people wanted. The company’s employee preference surveys had not been translated into the type of benefits it was offering. Based on the new analysis, the company redesigned its performance-based compensation, reduced equity awards, improved supplemental healthcare, and implemented a personalized training and development portal. The result: increases in agent sales performance (of 5 to 20%), engagement (up to 21%), and employee satisfaction and retentio ....

New York , United States , City Of , United Kingdom , Catherine Walsh , Andrew Curcio , Truechoice Solutions , Pwc Australia , Pwc United , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , கேத்தரின் வால்ஷ் , பவ்க் ஆஸ்திரேலியா , பவ்க் ஒன்றுபட்டது ,