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Employers around the world struggle to find the right people for technical and skilled jobs, making employee retention and engagement strategies such as competitive, total reward benefit plans critical. A new survey of more than 200 employers and 22 countries from Deloitte, the International Society of Certified Employee Benefit Specialists and the International Foundation of Employee Benefit Plans identifies the top five employer rewards priorities that advisers should be helping their clients address with their overall benefits strategy.
1. Aligning total rewards with business strategy by attracting, motivating and retaining employees.
With global economies continuing their slow rebound amid persistent skills gaps issues, it comes as no surprise among over a third (35%) of those surveyed that attracting, motivating and retaining talent is the primary concern of employers around the world, says Jason Flynn, a principal at the global consulting firm Deloitte, which is headquartered in New York, and co-author of the Global Top Five Total Rewards Priorities Survey.