Uncertainty brings both challenges and opportunities for you and your employees.
Managing through uncertainty isn’t easy, but there are a few global, high-performing organizations that lead the way no matter what they face. They prioritize their people by delivering differentiating employee experiences and, in turn, excellence within their industries by:
To thrive amid uncertainty, you need to prioritize four key areas:
By focusing efforts on these four priorities, organizations can create a thriving workplace that sets the foundation for long-term success, resilience and sustainability.
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Employers that put their people at the heart of everything they do create deeper connections and achieve better business outcomes. They foster a culture of open communication where they take time to understand and address the needs, aspirations and concerns of employees.
Key actions and considerations:
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Getting the components of total rewards right (employee pay, benefits, careers and employee wellbeing) is essential for a rewarding and fulfilling employee experience. Here’s how you can draw on the power of total rewards to motivate and engage your employees:
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An employee value proposition (EVP) serves as a guiding force within an organization. It's shaped by both business and talent needs. However, as employee expectations change, so should the EVP. Historically, the EVP was a transactional give/get relationship, but now it should prioritize lived experiences. This paradigm shift recognizes that the overall experience and value employees gain from their work environment are crucial in shaping the employer-employee relationship.
External factors such as labor market dynamics and the rise of hybrid work have further increased the need for employers to create, communicate and deliver an EVP that meets the changing expectations of their workforce. Regular review of your EVP helps keep it aligned with current employee needs and societal changes. Incorporating these elements into your EVP improves the employee experience, fostering alignment with your workforce expectations.
To enhance the employee experience, you should incorporate three key elements into your EVP:
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Success navigating uncertainty depends on strong change management. Often, in the whirlwind of change, immediate priorities can overshadow long-term impacts, negatively affecting the employee experience. Now is the time to take a moment and reflect on your organization’s recent experience of transformation and assess your:
Organizations that thrive during periods of uncertainty and disruption, which WTW calls change accelerators, achieve nearly three times greater revenue growth over three years* compared to organizations with below-average change effectiveness. What sets change accelerators apart is they prioritize their people in their change initiatives, placing employee experience at the forefront. They do this by focusing on three principles:
Achieving a high-performance employee experience is possible for your organization. Complete the form on this page to speak with an Employee Experience expert and unlock your company's full potential.
*WTW Global High Performance Normative Data