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Health Reward Stat of the Day – September 22

money and steth pic

According to Mercer’s Total Rewards Survey, which examined the practices organizations are using to align compensation, benefits, training and career development with today’s business priorities, the majority (89%) of organizations rank attracting and retaining the “right” talent as the most significant challenge of their overall total rewards strategy. Other challenges noted as very important include: gathering relevant market compensation data (reported by 74% of organizations), keeping rewards affordable (66%), communicating the value of rewards to employees (61%), and ensuring pay for performance and performance differentiation (62%).

According to Mercer’s Critical Talent Practices Survey, the ability to make a difference in the job function leads the list as to ways to enrich the employee experience beyond pay, reported by 59% of organizations. Other non-cash rewards to attract and retain the “right” employees include career progression (53%), healthy living/wellness (49%) and recognition (45%).

http://www.mercer.com/newsroom/few-reward-and-business-strategies-align-say-mercer-survey.html

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