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Total Rewards to Recruit and Retain

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Sustaining and recruiting high-quality talent in a tight labor market is a challenge. Doing it while controlling costs seems nearly impossible. Companies are becoming increasingly aware of the challenge and are looking for ways to improve recruitment and retention strategies.

Total Rewards Concept

For years, employers have produced total compensation packages that include detailed compensation and benefits. Incentives include base and variable pay, group insurance, paid time off, recognition programs, and training and career opportunities. These total rewards programs aim to provide each employee with monetary and non-monetary rewards to motivate them to maintain desired business performance.

According to a survey of HR professionals from 22 different countries sponsored by Deloitte Consulting and the International Society of Certified Employee Benefit Specialists, 35% believe that finding, motivating and retaining top talent is their biggest immediate challenge.

To meet company and employee needs and increase the value of your investment, consider revamping your current total rewards program or developing one. For tips on how to create an effective total rewards program, check out our latest HR Insights.

For more information about employee benefits, our services and products, contact HANYS Benefit Services by email or call 800.388.1963.


This HR Insights article is provided by HANYS Benefit Services and is to be used for informational use only and should not be construed as professional advice. © 2022 Zywave, Inc. All rights reserved.

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