Thursday, January 30, 2014Tweet
[IWS] Towers Watson: BENEFIT STRATEGIES TO ATTRACT AND RETAIN TALENT [Asia-Pacific] [30 January 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
Benefit strategies to attract and retain talent [30 January 2014]
[full-text, 1 page]
In an increasingly competitive market, job seekers look for a company that can offer them the right “package”. This includes career development, job satisfaction and fulfilment, and of course, pay and benefits. A benefits strategy is one of the tools that employers have up their sleeves to utilise in their war for talent. With a limited talent pool that operates as a common source for more and more organisations to fill their employee needs, a can be the answer for attracting the right kind of employees, and improving engagement and retention.
What follows here is drawn from Towers Watson study conducted between February and March last year called the . The study includes responses from 1,066 employers around Asia-Pacific and includes regional as well as country specific data for China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan and Thailand. This is the third time the study has been conducted in this region by Towers Watson.
The study looked at a variety of topics related to compensation and benefits in order to identify company attitudes, and also the benefits and challenges faced while researching and implementing such strategies/packages. Additionally, the study aimed to better understand what is included in packages offered by companies.
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