Cecilia Johnson’s Post

There are other ways to compensate employees besides salary and bonus. Read how organizations are transforming their total rewards packages below.

As work trends evolve, it's crucial to understand the shifting dynamics of employee retention and their needs. This article explores cost-effective compensation strategies and highlights the importance of developing employee-focused packages. By addressing the trending needs of the workforce, organizations that are agile and adaptable are better positioned to retain and maximize their employee resources. #LynaMatesi #uwspMBA #BUS703 #SENTRYSCHOOL

As organizations navigate the evolving economic landscape, traditional compensation models are being re-evaluated. With salary budgets under pressure, companies must shift their focus towards a more holistic approach to employee rewards. Total Rewards go beyond the paycheck. They include a comprehensive package addressing various aspects of an employee’s experience: ✨ Health and Well-Being ✨ Work-Life Balance ✨ Career Development ✨ Recognition and Appreciation TaskHuman supports cost savings and enhances employee engagement through holistic coaching services. Learn more by reading our latest HR Insight! https://lnkd.in/evsjZeuj #HRInsights #TotalRewards #EmployeeEngagement #TaskHuman

Unlock the Power of Benefits and Remuneration! Crafting a well-defined and compelling benefit and remuneration strategy can be a game-changer for your talent recruitment and retention efforts. Employee benefits matter because they demonstrate your commitment to their well-being and future. It is your way of saying, "We are invested in you." Benefits also set your business apart from the competition. 'Letts' explore the world of impactful employee benefits and watch your team flourish! #EmployeeBenefits #TalentRetention #InvestInYourTeam

👥 Review Employee Benefits and Compensation 👥 Conduct a mid-year review of your employee benefits and compensation packages. Ensuring they remain competitive and in line with industry standards helps attract and retain top talent. Invest in your team and watch your business thrive! #EmployeeBenefits #Compensation #HR #BusinessGrowth

Reward governance is crucial in shaping an organisation's reward and benefits framework. It provides essential clarity and consistency in processes that govern how rewards are structured, managed, and communicated to employees. Effective reward governance not only strengthens employee satisfaction but also enhances organisational stability and growth. 💼 Learn more at Simply Reward Consultancy Ltd or https://lnkd.in/dV3Y8REi #RewardGovernance #EmployeeBenefits #HRStrategy #SimplyReward  #HR #HumanResources #PeopleManagers

Adding a mix of benefits to a compensation package can increase employee satisfaction, reduce turnover, and help with attracting and retaining talent. So, it’s no wonder that a record number of employers since 2022 are showing more interest in adding benefits. #employeebenefits

FUN FACT FRIDAY!!! DO YOU KNOW? According to a study by the Society for Human Resource Management (SHRM), the cost of replacing an employee can be as high as 200% of their annual salary. This includes expenses like recruitment, training, lost productivity during the learning curve, and potential cultural disruptions. Investing in employee retention and engagement strategies can significantly reduce these costs and improve a company's bottom line. #hr #hrcommunity #hrfacts #VantegralConsulting #Funfactfriday

Adding a mix of benefits to a compensation package can increase employee satisfaction, reduce turnover, and help with attracting and retaining talent. So, it’s no wonder that a record number of employers since 2022 are showing more interest in adding benefits. #employeebenefits