Employees are looking for more flexibility at their workplaces rather than concentrating only on salaries and benefits packages. Because of the disruption due to COVID, people want to retain flexible working hours, health benefits, and a good number of vacation days. Above all of that, workers are more serious about motivation and empathy than ever before. If you treat your employees like a part of your family, they will deliver you stellar performance and don't think of leaving your organization. You have to be flexible and bring changes in the work processes to synchronize with the changing business needs. Flexible rewards for employees help you to unlock true potential and provide a phenomenal total rewards experience. Let’s look into the Total Rewards Components that need to be revamped for a better experience. 1. Pay: Companies are becoming more flexible in providing compensation benefits and hikes in salaries. In today’s scenario, the achievement of team goals and honing
According to a survey of more than 800 HR leaders, some HR trends are manifested as a permanent result of workforce and workplace changes resulting from the covid 19 pandemic turmoil. It is now essential for these leaders to assess the impact of each HR trend on the organization's operational and strategic goals and understand how large-scale shifts are changing the way people work and do business to create an impactful future work strategy. Some of these new trends of work strategies that you need to close attention to are as follows- The emergence of new top-notch employers- The organisation continuously faces the demand for transparency from their employees even before COVID-19. Employees and candidates judge their organization based on how they were treated during the pandemic. Balance the decisions made today to resolve the pressing concerns of a pandemic with the long-term impact on the employment brand. Growing organisations communicate transparently and ofte