For many organizations, human capital is one of the organization’s largest investments, accounting for up to 70 percent of operating expenses.
Given the value of this asset and the cost of maintaining it, organizations seeking a true return on their investment in people must develop a deep competency in compensation and rewards, not only to help ensure packages that attract, retain and engage key talent, but also to help ensure that budget is optimized in alignment with the organization’s business strategy.
A smarter workforce is one in which an organization uses behavioral science, social technology, and deep analytics to match people with the work they were meant to do, and provides both tools and environments that drive collaboration and harness the organization’s collective capabilities. In a world with an increasingly empowered workforce, it is committed to replacing organizational hierarchies and narrowly defined jobs with a more dynamic and responsive definition of work, creating a more meaningful employer–employee value exchange that can result in even better outcomes for both.
Discover how a measured and mindful approach to employee compensation helps ensure a solid framework on which to redefine work and helps employees find meaning in what they do, while valuing the organization’s most critical investment.