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The 'future of work' is driving changes in reward
Now more than ever, companies should tailor reward tools, programs and processes to suit their cultures and reach their goals. A compensation approach must fit with a company’s strategy to remain competitive and to attract and retain talent in today’s highly competitive job market.
Reward programs also should be flexible enough to adjust for demographic shifts, changes in performance management, advancing technology and a complex regulatory environment.
How PwC can help
- Reward represents one of the largest areas of 'spend' – and that spend is increasingly misaligned with the demands of the workforce.
- Leaders need better and more 'real time' data on the value delivered through their reward programs.
- Labor markets are more dynamic than ever – and understanding the impact of changing markets on the competitiveness of reward is harder than ever.
- The tax and regulatory landscape is more complex and regulators are more 'aggressive'.
- Companies are facing increased scrutiny around executive compensation and aligning executive and company interests.
- Employees are craving more transparency and communication around compensation.
PwC has a unique combination of technical capabilities, market intelligence and analytics to help public, private and not-for-profit organizations with a broad range of emerging compensation issues including:
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