Employee Benefits & Total Rewards in India – Beyond Salary
With a more competitive job market than ever, offering simply salary will not be sufficient to attract and retain top talent; that is why Employee Benefits and Total Rewards emerged! Many companies in India are adopting holistic rewards solutions which combine financial, health, and lifestyle benefits to keep motivated, engaged, and loyal employees.
Employees are looking for compensation packages, financial incentives based on their performance, health insurance plans, retirement and in some situations, wellness programs; and companies are thinking about the overall well-being of their employees! In addition to those benefits, they may also want paid time off (PTO), learning & development (L&D), working from home options (Flexible) or other employee benefits; and, don’t forget all the recognition programs out there!
There are new trends emerging too! Companies are offering personalized benefits, supportive mental health benefits, digital HR technology platforms, and policies that are more family friendly. In the end, a solid Employee Benefits and Total Rewards program increases overall job satisfaction and builds employee loyalty as satisfied employees become engaged employees, and engaged employees build a stronger organization that is more future ready!
What is the most valuable benefit that you are looking for in a workplace?
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