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US employers tweak total rewards strategies in tune with flexibility, well-being trends

October 29, 2018 / Valerie Bolden-Barrett

Most of the 275 U.S. employers in a global Willis Towers Watson (WTW) study are revising their total rewards programs in order to remain competitive in recruiting, the firm said. However, the survey showed that only half (49%) of respondents know which total rewards programs employees value, while 47% know which offerings candidates value. Nearly two-thirds of respondents plan to improve pay transparency, either this year or within three years. A larger majority (80%) expect to improve employee wellbeing programs over the next three years, while half expect to upgrade technology for both administering and using benefits. More than 60% are considering increasing flexible work options and arrangements, and two-thirds anticipate improving their personalized communication during the next three years. In other survey results, more than half of the respondents (54%) said they're having problems hiring employees with critical skills, while 49% report struggling with recruiting high-potent...