A strategic approach to pay transparency and the employee value proposition (EVP) can help every individual thrive
Organizational health is increasingly dependent on fostering trust and fairness throughout the business.
Driven by various sociopolitical and regulatory factors, organizations are approaching pay and benefit transparency and the EVP with a greater emphasis on fairness. Many employers, customers and lawmakers are increasingly realigning around universal values and needs, with a focus on fairness, consistency and opportunity across the entire organization.
By taking a data-driven approach to EVP design, employers can better understand nuances in motivation and preferences across the workforce. Better informed decision-making, in turn, supports performance management and talent retention while helping deliver an enhanced employee experience. And AI-enabled technology is now making personalization at scale possible.
While embedding fairness and universal employee values into their strategies, organizations also can create measurable business goals around them. Focus areas might include:
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Engagement, accountability and leadership
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Organization design and governance
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Employee listening and engagement
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Total rewards strategy
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Pay equity commitments and analysis
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Pension gap analysis
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Talent practices and career development
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Financial wellness, health and caregiving
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Employee tools and communications
With the world and work evolving at an increasingly rapid pace, so too are the standards for good work centered on pay, career, health and benefits fairness.
Fair pay is the apex of employee experience and total rewards
Amid pay transparency regulations and compliance needs, an increased cost of living, and declining employee trust, fair pay is an expectation.
Learn more about fair pay and total rewards.
Global Pay Transparency Report
Discover how over 1,000 global respondents are approaching the changing landscape of pay transparency and meeting employee expectations for more pay disclosure.
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