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2014
August
F
Forces and Trends Impacting Total Rewards Strategy
Forces and Trends Impacting Total Rewards Strategy
Forces and Trends Impacting Total Rewards Strategy
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Please complete this brief poll of 5 questions related to total reward issues at your organization. The results will be shared at the
September 18
th
Richmond SHRM meeting.
*
With respect to Total Rewards (compensation and benefits), what keeps you up at night? Check all that apply
Reigning in healthcare insurance costs
Finding funds to reward employees
Developing a total reward package to fit the workforce demographics
Paying and retaining top performers
Adding or fixing incentive plans that don’t work
Having enough staff and resources to manage total rewards
Other
*
Is your company implementing any of the following to deal with rising healthcare costs? Check all that apply
Sharing more costs with employees
Cutting out family coverage
Increasing deductibles and co-pays
Changing workforce hours (40 to less than 30 hrs.)
Cutting back on other benefits
Cutting back on base pay increases
None of the above
Other
*
What options have you considered to manage/reduce rising total rewards and human capital costs? Check all that apply.
Lower or no pay raises
Changes in FT/PT mix (move to <30 hr. work week employees)
Layoffs or job freezes
Early retirement programs
Passing on costs to customers
None-our business is growing
Other
*
What is your projected/planned salary increase budget % for 2015 (pick option closest to your expectation)?
0
1-2%
2.5%
3.0%
3.5%
4.0%
Greater than 4.0%
*
Other than managing benefits costs, what is the top total rewards priority for your company?
Increasing employee engagement
Emphasizing Wellness
Rewarding top performers
Changing or updating salary programs
Adding a new variable compensation program (bonus, incentives, etc.)
Improving performance management processes
Other
*
For purpose of summarizing the data, which industry best describes your employer?
-- Select --
Manufacturing
Healthcare
Technology
Financial Services
Retail and Wholesale
Services
Non Profits
Government
Other
*
Approximately how many FTE’s are in your company?
-- Select --
Less than 100
100 < 500
500 <2,000
2,000-5,000
More than 5,000
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