The New Shape of Work interview series addresses the challenges and uncertainty in the current business environment with a focus on how to transition to a more agile workforce for the future.

Listen on Apple or Spotify
In this episode, Kate Bravery and Gordon Frost discuss the future of total rewards. They explore how rising employee expectations are reshaping the way organizations reward and incentivize their employees. They cover how the focus has shifted from inflation to pay fairness and transparency, driven by employee demands and legislative imperatives. The discussion highlights the importance of aligning rewards programs with employee expectations and developing a human-centric approach that caters to the diverse needs of the workforce.

Interesting moments:

  • Pay fairness

    The focus of rewards professionals is turning towards the importance of pay fairness to align with employee expectations. Employees are more curious about how their pay compares to others and they have more ways of finding out.

  • Diverse workforce

    Our workforce has never been more diverse than it is today. And the challenge is that each of these distinct employee groups is looking for a total rewards program that meets their needs and their circumstances.

  • Compensation strategy

    It is important to have a coherent compensation strategy so you have a consistent approach to pay transparency and pay fairness. Especially true for global organizations that have employees in many countries or jurisdictions.

  • Performance and skills

    Start thinking about pay for performance and pay for skills as complimentary. As a way to go deeper into how we pay for different jobs and for defining different rates of pay for people within a similar job.

More episodes in this series

    Related products for purchase
    Related solutions
    Related insights
    Related events

    Speak to a Mercer consultant