Highlights of the insights included in your complimentary report:
Nearly 4 in 10 experienced turnover of 15% or more in 2020. Actual turnover defied early expectations, with 13% instead of 4% of employers experiencing a rate of 30% or more. An additional26% had turnover of 15%–29%, including 12% in the 15%–19% range, 9% in the 20%–24% range and 5% in the 25%–29% range.
TURNOVER RATE OF 15% OR MORE IN 2020
TURNOVER
REMOTE WORK
COMPENSATION
39%
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HR Technology
Absence
Management
have more than
50% of employees
working remotely full time.
As work environments evolve, success depends on investments and decisions driven by workforce preferences. This can keep dispersed employees interconnected, engaged in shared team goals and working toward a common mission. Considerations should include cultural impact, engagement, inclusivity, communication transparency and change management strategies.
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EXECUTIVE SUMMARY
Seventy-two percent (72%) of employers enhanced base salary, and 39% enhanced variable pay or bonus programs. Medical was the top benefits category for enhancement (55%), followed by leave policies (43%), voluntary or supplemental benefits (41%) and retirement (38%).
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EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
TURNOVER
REMOTE WORK
COMPENSATION
REMOTE WORK
TURNOVER
REMOTE WORK
THE COVID-19 EFFECT
COMPENSATION
TURNOVER
REMOTE WORK
COMPENSATION
23%
ACTUAL
TARGETED
FULL-TIME REMOTE EMPLOYEES MAKE UP OVER 50% OF THE WORKFORCE FOR NEARLY 1 in 5 ORGANIZATIONS
72%
BASE SALARY ENHANCEMENT
MEDICAL BENEFITS ENHANCEMENT
55%
ENHANCED COMPENSATION AND MEDICIAL BENEFITS ARE THE TOP TOTAL REWARDS BOOSTERS
Highlights of the insights included in your complimentary report:
Highlights of the insights included in your complimentary report:
download FULL REPORT
download FULL REPORT
Highlights of the insights included in your complimentary report:
download FULL REPORT
Highlights of the insights included in your complimentary report:
Highlights of the insights included in your complimentary report:
Highlights of the insights included in your complimentary report: