Millennials Seek To Secure Retirement Benefits

Geography: United States —Research Source:  Willis Towers Watson —Date: October 2016 —Findings: 60% of millennials say they are willing to sacrifice pay for more secure retirement benefits. 66% of boomers would also be willing to sacrifice pay for more secure retirement benefits, versus half in 2009. However, only a third of millennials (32%) and boomers (34%) said they are […]

What Does Performance Mean To Your Organization

Geography: United States Source: Willis Towers Watson Date: March 2016 —Findings: 99% of employers feel obliged to give increases to everyone instead of instead of differentiating performance and rewarding employees accordingly on an annual cycle. 55% of companies provide guidelines to managers on how to make pay decisions and stay within budget. but allow full autonomy over financial decisions. 31% […]

Why Merit Pay Is Losing Effectiveness

Geography: United States Source: Willis Towers Watson Date: March 2016 —Findings: 51% of employers report funding and performance measure(s) are organization-wide, individual payouts are determined by individual performance. 38% use tiered incentives whereby several performance tiers are used to measure corporate/division, business unit/team and individual performance (e.g., additive plans or bottom up plans). 73% of employers say job […]

Companies Hurt: Managers Are Not Following Pay For Performance Programs

Geography: United States Source: Willis Towers Watson Date: March 2016 —Findings: Only 20% of employers in North America say merit pay is effective at driving higher levels of individual performance. 26% of employer pay bonuses to employees who fail to meet expectations. Mangers carry 64% of the weight in decisions about merit increases for demonstrating knowledge and skills […]

The Pros And Cons Of Digital Media

Geography: Global —Research Source: Willis Towers Watson —Date: February 2016 —Finding 66% of respondents said digital media has improved their ability to do their work, learn and develop professionally, and collaborate with colleagues. 60% of respondents agree digital media has improved their ability to maintain balance between work and personal life, build relationships with professional contacts and find work. […]

Changing Work Styles Through Digital Media

Geography: Global —Research Source: Willis Towers Watson —Date: February 2016 —Finding More than half of respondents (56%) said digital media has transformed the way they work. 41% of respondents agree that social media improves their work effectiveness. Only 14% said it reduces their work effectiveness. 50% of the respondents agree that digital media has improved the quality of their […]