The Future Of Benefits: Why Total Rewards Will Outshine Salary Alone In 2025

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The Future Of Benefits: Why Total Rewards Will Outshine Salary Alone In 2025

//health-fitness.news-articles.net/content/2024/ .. -rewards-will-outshine-salary-alone-in-2025.html

Published in Health and Fitness on Monday, December 9th 2024 at 9:23 GMT by Forbes
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Flexible benefits are game changers that can address equity, financial stability and generational differences.

The article from Forbes Business Council, published on December 9, 2024, discusses the evolving landscape of employee benefits and compensation, predicting that by 2025, total rewards will become more significant than salary alone in attracting and retaining talent. It highlights that companies are increasingly recognizing the importance of a holistic approach to employee satisfaction, which includes not just financial compensation but also benefits like flexible working conditions, health and wellness programs, professional development opportunities, and work-life balance initiatives. The piece argues that as the workforce becomes more diverse and the competition for skilled workers intensifies, organizations will need to offer comprehensive total rewards packages to stand out. This shift is driven by changing employee expectations, where factors like mental health support, remote work options, and personalized benefits are becoming as crucial as monetary compensation. The article suggests that companies adopting this broader view of rewards will likely see improvements in employee engagement, productivity, and loyalty.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbesbusinesscouncil/2024/12/09/the-future-of-benefits-why-total-rewards-will-outshine-salary-alone-in-2025/ ]

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