The Evolving Total Rewards Landscape: Tactics to Attract and Retain Talent
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Future of Work

The Evolving Total Rewards Landscape: Tactics to Attract and Retain Talent

07 November 2024 / Article

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Continuous disruption and the needs of a multigenerational workforce are significantly impacting traditional compensation and benefits programs that are critical to attracting and retaining talent in a persistently tight labor market. This report provides insights from our US series of roundtable discussions with total rewards and senior human resources (HR) leaders and our European rewards conference on the importance of designing competitive and innovative total rewards strategies that uniquely address the changing needs of workers and companies.

Key Insights

  • Transparent and dynamic compensation models help leaders navigate market challenges and achieve business results.
  • Employees expect well-being to be part of their workplace culture with a wide range of personalized offerings.
  • Organizations are increasingly using data analytics and technology to enhance their employee benefits strategies and recognition programs.
  • More companies are creating benefits that align with their environmental, social & governance (ESG) efforts.

More on this topic from The Conference Board:

  • The Paramount Value of Total Rewards: Forward Strategies for CEOs and CHROs

  • Future: Reward Europe – The Highlights

Continuous disruption and the needs of a multigenerational workforce are significantly impacting traditional compensation and benefits programs that are critical to attracting and retaining talent in a persistently tight labor market. This report provides insights from our US series of roundtable discussions with total rewards and senior human resources (HR) leaders and our European rewards conference on the importance of designing competitive and innovative total rewards strategies that uniquely address the changing needs of workers and companies.

Key Insights

  • Transparent and dynamic compensation models help leaders navigate market challenges and achieve business results.
  • Employees expect well-being to be part of their workplace culture with a wide range of personalized offerings.
  • Organizations are increasingly using data analytics and technology to enhance their employee benefits strategies and recognition programs.
  • More companies are creating benefits that align with their environmental, social & governance (ESG) efforts.

More on this topic from The Conference Board:

  • The Paramount Value of Total Rewards: Forward Strategies for CEOs and CHROs

  • Future: Reward Europe – The Highlights
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Authors

Rita Meyerson, EdD

Rita Meyerson, EdD Rita Meyerson, EdD

Principal Researcher, Human Capital
The Conference Board

Read Bio

Allan Schweyer

Allan Schweyer Allan Schweyer

Principal Researcher, Human Capital
The Conference Board

Read Bio

Lisa Hunter

Lisa Hunter Lisa Hunter

Senior Fellow and Program Director
The Conference Board

Read Bio

Marion Devine

Marion Devine Marion Devine

Principal Researcher, Human Capital, Europe
The Conference Board

Read Bio

Diana Scott

Diana Scott Diana Scott

US Human Capital Center Leader
The Conference Board

Read Bio

Robin Erickson, PhD

Robin Erickson, PhD Robin Erickson, PhD

Head of Human Capital Research
The Conference Board

Read Bio

View All

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