The Business Times
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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

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    • 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

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