Employers are emerging from the Great Recession with a different view of compensation and benefits. And, in most cases, that’s a good thing.
Lessons learned in the lean years are being adapted and modified to make organizations stronger in this post-recession landscape. Look for these 11 trends to take a firm hold in 2011:
1. Employee self-service. HR staffs that thinned out during the recession may stay small for quite a while.
Tip: Let employees handle more tasks themselves using automated, web-based systems. Sit down with your benefits providers to see which online processes you’re not taking advantage of. This will leave you more time to focus on strategic activities.
2. The return of the More than 40% of employers in one survey said they fear their top talent will leave when the economy improves. That’s given workers more leverage during compensation reviews. .
In response, half of businesses say they...(register to read more)