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What do your employees value?

Total reward investment optimization helps understand what employees value from their workplace.

Total reward investment optimization helps businesses understand what employees value from their workplace.

Salaries are only one facet of reward.

Financial reward is only one component of what employees value from their employer. Total reward refers to everything an employee receives from their employer, that is perceived as valuable or rewarding. This includes financial rewards, such as salaries and pensions, as well as experiential components, such as learning and development.

Total reward often is the largest cost for organizations.

For the vast majority of organizations, total reward is one of the largest cost items. However, it is not always well managed. In our 2014 survey of HR professionals, 86% reported not knowing the cost of part, or all, of their organisation’s total reward package.

Employee value and organization cost are not the same.

When it comes to reward, what matters is not how much it costs, but how valued it is by employees. Yet, 57% of the organizations in our survey indicated that they do not know what value employees ascribe to each of their total reward programs. In fact, no organization in the survey claimed to know employees’ perceived value for every total reward program they offer.

Are you guessing, or do you know?

EY’s Total Reward Investment Optimization (TRiO) offering establishes a quantitative view of how employees value reward. By doing so, we assist organizations in understanding the value that your current, or future, reward programs are driving for your employees.

Without this data, organisations are only guessing at what, and how, to spend and invest in within their reward program. So what do your employees value – and are you guessing, or do you know?

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