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

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

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Total rewards is a primary and powerful lever for CEOs and chief human resources officers (CHROs) to support business strategy and attract and retain talent amid the highly competitive business landscape. This article provides insights from our series of US roundtable discussions and the European rewards conference with CHROs and total rewards leaders on how they are evolving and innovating total rewards strategies to ensure they remain aligned with business strategy and meet the varied needs of employees.

Key Insights

Total rewards is a primary and powerful lever for CEOs and chief human resources officers (CHROs) to support business strategy and attract and retain talent amid the highly competitive business landscape. This article provides insights from our series of US roundtable discussions and the European rewards conference with CHROs and total rewards leaders on how they are evolving and innovating total rewards strategies to ensure they remain aligned with business strategy and meet the varied needs of employees.

Key Insights

  • In a highly disruptive and competitive business environment, CHROs are working closely with their C-Suite colleagues and total rewards leaders to ensure rewards support business goals and culture.
  • Total rewards are critical levers to change behaviors and build culture and should be intentionally designed and revised to remain impactful.
  • Organizations are widening the scope and flexibility of total rewards programs to better attract and retain workers.
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