HR.com Releases Future of Compensation and Total Rewards 2024-25 Research Report

HR.com Releases Future of Compensation and Total Rewards 2024-25 Research Report

Key Takeaways (TLDR)

• Organizations can gain a competitive advantage by modernizing compensation systems to meet employee needs.

• The research report provides actionable insights on compensation strategy and total rewards programs for HR practitioners and leaders.

• Creating more equitable compensation practices can drive employee engagement and retention, making tomorrow better than today.

• The lack of focus on achieving pay equity highlights a critical challenge for organizations in modernizing their compensation systems.

Why it Matters

This news matters because it sheds light on the challenges many organizations face in modernizing their compensation systems to meet the needs of their employees. By understanding the gaps in current compensation approaches, HR leaders can work towards creating more equitable and effective practices, ultimately leading to improved employee engagement and retention.

Summary

HR.com has released its latest research report, HR.com's Future of Compensation and Total Rewards 2024-25, revealing key insights into how organizations are approaching compensation and total rewards strategies amid a rapidly changing workplace. The findings underscore that while organizations recognize the growing importance of effective compensation systems, many are still struggling to modernize and align their approaches to meet employee needs. The report highlights the challenges and opportunities for HR leaders to create more equitable, transparent, and effective compensation practices.

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