The Business Times
business-time-50

Re-examining the concept of employee reward to achieve optimal value

Pay, benefits, and workforce costs are one of the most significant outflows for organisations

google-preferred-sourceAdd BT as a preferred source
    • Progressive companies already place employees at the centre of the decision-making process with flexible compensation models.
    • Progressive companies already place employees at the centre of the decision-making process with flexible compensation models. PHOTO: BT FILE

    Jod Gill, Simon Chapman and Jocelyn Poh

    Published Wed, Jun 26, 2024 · 05:00 AM

    HOW employees are rewarded has evolved from a simple salary to comprehensive total reward offerings.

    With today’s evolving workforce, these offerings take on fresh importance as employees embrace more flexible ways of work and expect an employment experience that is aligned with their personal and professional priorities.

    Amid this transformation, a fundamental question that is increasingly being asked is whether current approaches to reward deliver optimal value for all.

    Employee benefitsCompensation

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More