Willis Towers Watson 2016 research.pdf - Under pressure to remain relevant employers look to modernize the employee value proposition Global findings

Willis Towers Watson 2016 research.pdf - Under pressure to...

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Under pressure to remain relevant, employers look to modernize the employee value proposition Global findings report for the 2016 Global Talent Management and Rewards and Global Workforce Studies
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The pace at which organizations are able to deliver on this modernization agenda will become a key differentiator of organizational success and help determine the winners and losers in the competition for high-value talent.
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1 Under pressure to remain relevant, employers look to modernize the employee value proposition Table of contents Talent on the move puts value at risk ........................................................................................ 3 The value of delivering a relevant EVP .................................................................................... 8 The critical role of effective leaders ........................................................................................ 10 How can employers enhance their EVP to remain relevant? ............... 13 Modernization starts with a more relevant value exchange ..................... 22 About the studies ........................................................................................................................................... 24 Under pressure to remain relevant, employers look to modernize the employee value proposition Global findings report for the 2016 Global Talent Management and Rewards and Global Workforce Studies
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2 willistowerswatson.com Employers are restless for change. To grow talent — and their business — they recognize that it’s time to move beyond the default models, expectations and practices of the past. We see the outlines of a modernization agenda emerging as employers take a new agile approach to the development of talent and reward programs in order to position themselves for future growth. However, employers may not yet fully understand the implications for their business of an ever-shifting workplace and new employment relationships. The pace at which organizations are able to deliver on this modernization agenda will become a key differentiator of organizational success and help determine the winners and losers in the competition for high-value talent. For their part, many employees are uncertain of their place in a dynamic global economy. To remain relevant, they must understand emerging work options and develop collaboration, digital and global operating skills to help drive business value creation. In return, employees expect their employers to connect with them on a more meaningful level similar to how companies connect with their customers. For employers to meet this expectation they must provide not just a job but an experience that will offer rewards and work environments aligned with employees’ changing needs and preferences. Effective leaders and managers play critical roles in delivering a compelling employee value proposition (EVP) at the heart of the employee experience. Leadership, the top driver of sustainable engagement, is essential to success in today’s ever-evolving business environment. This report presents the key findings of two complementary research studies designed to capture both employee and employer perspectives on critical issues and trends in this new world of work.
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