As we begin to realise the long-term financial cost and impact of Covid-19, there is a strong consensus from global HR and Reward leaders that our employee benefits financing will be shaken up. At the very least, most organisations are expecting budget cuts, so pay rises and bonuses will be limited, meaning employers will need to do more with the global employee benefits they already have in place (which includes drawing focus to their overall package and making use of TRS; more on that here.) But do not fear; by widening the existing options available to your employees, you can ensure your global benefits package is both competitive and relevant.
So how can you balance benefits choice with benefits budget? Read the full article here.