Yet another piece of research has emerged confirming that benefits have moved into the #1 spot in attracting and retaining talent.
In its most recent QuickQuestion survey, WorldatWork posed the question "Which of the five total rewards elements do you believe is your biggest differentiator as an employer" to 386 member employers. Their responses:
- Benefits 32.1%
- Work-Life 22.5%
- Development & Career Opportunities 18.1%
- Compensation 17.4%
- Performance & Recognition 9.8%
My experience in working with my clients would confirm these results, that employee benefits are now a critical element in differentiating an organization as an employer of choice, and work-life offerings are playing an increasingly important role in that equation as well.
Once you get that talent in place, however, it is the final two elements (compensation and performance/recognition) which give you the tools for aligning their efforts with organizational strategy and objectives, and reinforcing the initiatives that will make the organization successful.
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