article thumbnail

How HR can craft a total rewards plan for the multigenerational workforce

HR Brew

When one-third of employees would prefer more benefits over more compensation, according to a Marsh McLennan Agency report published earlier this year, employers can help employees by allowing them to personalize their benefits, Todd Katz, EVP of group benefits at MetLife, told HR Brew.

article thumbnail

Building a Consistent and Sustainable Compensation Strategy for Your Business

MP Wired For HR

Building a Consistent and Sustainable Compensation Strategy for Your Business September 24th, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn In today’s competitive job market, crafting a well-structured and sustainable compensation strategy is crucial for attracting, retaining, and motivating top talent.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Diversity, Equity, and Inclusion (DEI) Strategies: Moving Beyond Tokenism in the Workplace

EmployeeConnect

Diversity, Equity, and Inclusion (DEI) strategies have become integral to creating a more balanced and dynamic workforce. Organisations across the globe are recognising the benefits of diverse teams, from enhanced creativity to improved problem-solving capabilities. The negative impacts of tokenism are significant.

Diversity 130
article thumbnail

Ditching annual performance reviews, investing in middle management, and using AI for career development: How HR wants to change performance management in 2025

HR Brew

This approach prioritizes flexible goal-setting, regular check-ins, and decoupling compensation from performance reviews, allowing feedback to focus on skill development and long-term growth.Jamie Aitken, VP of HR transformation, Betterworks Invest in real mentoring.

article thumbnail

Applied AI in Talent

It also means developing diverse rewards philosophies to strategically compensate the talent needed to adapt to and thrive amid all this change. Implementing a rewards and recognition program that strategically compensates the key tech talent you need. Attracting and retaining the right people to fill those jobs.

article thumbnail

Diversity Sourcing: Why It’s Essential for Today’s Companies

Hppy

In an increasingly globalized world, diversity is no longer a “nice-to-have.” From workforce diversity to supplier diversity, organizations that make this a priority are seeing tangible benefits. How do you actively source diversity? Why Is Diversity Sourcing Important?

article thumbnail

Imagining the future of the HCM with Paylocity’s executive chairman

HR Brew

We have all of the modules that you might expect, whether it’s recruiting, onboarding, compensation management, performance management—you name the module in HCM, we really built that out completely.” Data available inside the HCM platform can help run audits and make informed decisions to address inequity.

article thumbnail

HR Pro Playbook: How to Navigate Global Workforce Expansion with Confidence

Speaker: Daniel Grace & Audra Bright

It involves navigating a complex landscape of diverse regulations, cultural differences, legal requirements, and currencies. Have you just been told you need to hire employees in another country? 🌎 That's a huge undertaking! If anything goes wrong, you risk your company's financials, growth, and reputation.