As you support your employees and manage workforce exhaustion, what are the priority ‘must haves’ when it comes to employee benefits?
Attracting and retaining top talent
As the war for talent intensifies, businesses are looking for any opportunity to differentiate and get ahead. Attracting, retaining and engaging talent is the top priority for most HR leaders. In addition, mental health deterioration and workforce exhaustion are proving to be high-priority business risks that leaders must urgently address in order to maintain a healthy and thriving workforce People Risk Report 2021.
In this environment, a uniform set of benefits offered to all employees – regardless of whether they use them or not – just won’t cut it anymore. Instead, leading companies have evolved their benefits to become more personalised, collaborative and flexible.
Find out the key employee benefit movements to ensure you are staying competitive in the market in attracting and retaining talent.
In the war for talent, are your employee benefits helping you win? Chi Tran, Head of Market Insights and Data at Mercer, breaks it down.
Mental health has been marked as the #2 people risk (People Risk Report 2021), with workforce exhaustion #3. Organisations are providing more resources and employee sessions to look out for their people.
Working from home is here to stay, as is the greater understanding of when and by whom, formalised in a policy to support flexible working arrangements.
What are the key priorities?
Employee experience is a pivotal driver that energises employees, enabling a more productive and engaging experience at work. Well, what should we do next? Are your benefits still relevant?
Download the insights and learn more about the recommendations to consider when reviewing your employee benefit policies.
If you're ready to review your benefits program, please ask us about the Australian Benefits Review (ABR). It is the most comprehensive benchmark and reference guide on all major HR policies and benefits practices in the market. New data is available now.