Although the global economic environment is difficult, firms are facing talent constraints in many areas. And competitive businesses have competing objectives to retain and attract talent, while at the same time minimizing costs. For many organizations, a better understanding of employee preferences is the key.
Through tools like conjoint analysis, firms can identify the benefits and rewards that are important to their employees, and re-allocate or reduce spend to more effectively meet the needs of their employees. By using several cost-effective tools, companies can achieve "nirvana" --- a more satisfied workforce and a reduction in total rewards costs and attrition. In this webcast you will learn how Hewitt has helped several firms reach meet these competing demands, by collecting preference data, tying it to benefit cost data, and re-working existing total rewards structures.