Employee engagement on a budget
With employers no longer able to afford to throw money at their employees to keep them happy and engaged, managers are having to become more imaginative when it comes to rewards, including placing greater emphasis on talking up “invisible” benefits, such as pensions, healthcare and training, that may previously have been taken for granted.
The fact that budgets are under so much pressure has forced managers to look more closely at whether workers are recognizing the value of all the intangible benefits they get from their work, new research has suggested.
Employee engagement and keeping employees happy needed to be about more than just money, she stressed. “Organizations are learning to treat employees as assets, not costs – and to invest strategically in talent using a broad range of total rewards.”
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