If there’s one thing that business leaders across industries agree on, it’s that 2022 is going to be another year of volatility. To meet the challenges of a constantly changing business environment, firms will need to constantly adjust and adapt.
To do this, they need highly-skilled and engaged workers. But amid “the great resignation” – a term coined to describe the high numbers looking to quit their jobs – employers are battling to attract and retain talent.
A multitude of factors contributes to making companies attractive places to work. The right remuneration. Purposeful and challenging work. Opportunities to progress and develop. A sense of team spirit. And while salary will continue to be a major driver, the entire compensation package needs to be competitive and relevant to employees. Regardless of whether they are newly arrived or long-term workers.
Yet while employers increasingly offer varied and more comprehensive benefits, the platforms they use to run them can be slow and unwieldy. Leaders might want to change platform. But they fear the implementation period will be too long, expensive and administratively laborious.
It doesn’t have to be this way. In this paper, we’ll explore the increasing importance of not only tailoring benefits to compensation packages buthaving a platform that is easy to use and, most importantly, fast to integrate.