Tag Archives: total rewards

The HR function of the future (Part 1 in series)

by Tracey Malcolm, April 19, 2018 | Posted in Employee Engagement, Employee rewards, Employee Wellbeing, Future of Work

man sitting on a park bench with a laptop drinking coffee and talking on his cell phone

The urgent call came on a Friday night. Our CHRO client learned the agenda for their company’s executive offsite that Monday had shifted from business as usual to how the organization would transform in light of automation. Each leader must … Continue reading →

3 ways to create a Total Rewards experience

by Michael Tyukodi, March 28, 2018 | Posted in Employee benefits, Employee Engagement, Employee rewards, Employee Wellbeing

Close up of a person holding a tablet with pie and bar charts on the screen

The one constant in life is change. The way we consume information has changed. The way we deliver information has changed. The way we watch professional basketball games has changed. And the way we create, manage and deliver Total Rewards … Continue reading →

Roth 401(k) contributions are gaining popularity among those looking to increase tax diversification

by Kerry Bandow, March 21, 2018 | Posted in Employee benefits, Employee rewards, Employee Wellbeing

elderly gentleman assisting steadying a little girl riding her bicycle

As concerns about employee financial well-being and retirement readiness continue to grow, 401(k) plan sponsors are adding a key feature to their 401(k) plans that provides some flexibility to savers: the option for Roth 401(k) contributions. Roth 401(k) contributions turn … Continue reading →

3 keys to executing successful corporate spin-offs

by Willis Towers Watson, March 8, 2018 | Posted in Mergers & Acquisitions

close up of a man in suit and some colleagues viewing papers depicting bar graphs

I was recently at a conference featuring a CEO who had just completed a corporate spin-off. He was asked what, if anything, he would have done differently. His response? “More decision-making; much earlier.” His answer was pretty telling, and aligned … Continue reading →

New pay equity legislation: Five resolutions to help ensure compliance

by Willis Towers Watson, March 1, 2018 | Posted in Employee Wellbeing

close up of a hand holding Canadian money

The Canadian government plans to move forward with federal pay equity legislation this year, a commitment Prime Minister Justin Trudeau made during a recent speech at the World Economic Forum in Davos, Switzerland. The impending legislation is long overdue. Pay … Continue reading →

Manager’s guide to annual salary reviews: 5 key steps

by Willis Towers Watson, February 28, 2018 | Posted in Employee Engagement, Employee Wellbeing

woman in a suit holding a document with bar graph chart, using her pen to point out figures to another woman

It’s salary review time. So, how can you help managers use their limited pay budgets to make meaningful base pay recommendations? Take these five factors into consideration: 1. The job’s worth (externally and internally): Managers should have a clear idea … Continue reading →

How to optimize your loyalty program: get personal

by Willis Towers Watson, February 26, 2018 | Posted in Employee Engagement, Employee Wellbeing, Risk Culture

close up of hands holing a loyalty card in front of a laptop

Advanced modeling techniques can help loyalty program sponsors understand their members better and extract more long-term bang from investment and marketing bucks. Understanding member behaviors has always been important for loyalty program sponsors who focus on the estimation of associated … Continue reading →

The painful truth about your well-being programs

by Steve Nyce, February 16, 2018 | Posted in Employee Engagement, Employee Wellbeing

Steve Nyce, Ph.D., senior economist and director of the Research and Innovation Center at Willis Towers Watson

Employers seem to be aware of the need to tackle employees’ health and well-being, and are investing more in the programs to do so. U.S. companies have been leading the way by adding programs for much of the last two … Continue reading →

A Total Rewards lens can bring the new U.S. tax law into focus

by John Bremen, February 15, 2018 | Posted in Employee Engagement, Employee Wellbeing

woman looking through binoculars

Many, but not all, corporations are in the enviable position of determining how to spend expected savings created by the Tax Cuts and Jobs Act of 2017 (TCJA). There are any number of ways to do this, including, for example: … Continue reading →

Is pay transparency more than just a trend?

by Willis Towers Watson, December 19, 2017 | Posted in Employee Engagement

hands opening envelope to reveal paycheck

If you’re of a certain age, asking about someone’s salary would be considered taboo – or even offensive. With a different attitude toward privacy in general, millennials, though, are far more open to compensation discussions than previous generations. And, according … Continue reading →