It’s Not About the Foosball Table

The world of employee benefits is ever-changing, and we’re learning that just because a company adds a foosball table to their breakroom doesn’t mean that their employees will actually use it – or that their employee satisfaction and engagement will improve. Thanks to the leading tech companies of the world, employers began believing they needed to offer unconventional benefits in order to attract and retain the right talent, especially when it came to millennials.

Our data isn’t necessarily in line with that theory. Instead, the question for us as consultants and you as business leaders is not what is the latest and greatest product we can push, but rather, what do employees really care about?

Leaders are highly focused on strategies that will attract the right talent to their organization more than ever before. The Deloitte 2017 Global Human Capital Trends Report shows that nearly 80% of executives rated employee experience very important or important, but only 22% reported that their companies were excellent at building a differentiated employee experience. So we must first establish the key aspect of crafting the right talent acquisition strategy; really understanding both the executives and the employees in the organization.

IMA Total Rewards

From benefits and compensation to learning and development, to work environment and culture; we’ll uncover the components that truly matter to your employees. We believe that by taking a holistic approach to people analytics we can more completely understand what attracts someone to an organization, and what keeps them there. We also recognize that it’s impossible to make solid recommendations to our clients without getting to know them first.

So for us, it’s all about insights.

KEEP READING

To read the Total Rewards White Paper in its entirety, click here to download the full PDF.