The classic employment deal is becoming outdated. As a result of technological advancement, we have observed that traditional Total Reward programmes are becoming more unaffordable, outmoded and ineffective, thus driving the current employment deal to become obsolete.
As work environment, job architecture and career management changes, so should our Total Rewards programme. Global leaders at Willis Towers Watson share 10 practices to overcome outdated Total Rewards programs in Workspan, a WorldAtWork magazine. Laurie Bienstock and John Bremen provide suggestions on how our mindset needs to change when it comes to designing Total Rewards programmes and share emerging market practices on modernising Total Rewards from several leading companies.