19 March, 2021
The definition of total rewards for employees has changed over the years, and encompasses a broader scope including employee recognition, incentivized learning and emotional wellness. However, firms have been slower to move in this direction. According to Deloitte, only 11 percent of employees globally believed that their rewards strategy is highly aligned with their organization’s goals. This discouraging number was found in 2019, before the challenges of a virtualization and increased stresses due to the pandemic came into light. With the disruption of workplaces, the need for a robust employee recognition and rewards program is paramount to engage and retain…
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