Speaker: Anurag Verma

1. BENEFITS AS A
DIFFERENTIATOR
NHRD: National Summit on Compensation &
Rewards

2. Employee Value Proposition
(EVP)
Types of Rewards
 Affiliation: Values, Mkt Position,
Work Environment
 EVP:- balance between the
rewards an employer offers  Compensation: Base salary,
Bonus, Incentive
and the expectations they set
in lieu of those rewards.  Benefits: Health, Retrial, Perks,
ESOPS, Paid holidays, Club
memeberships
 Career: Growth, Development,
Security
 Work Content: Challenge,
Impact, Structure, Empowerment, Diversity

3. What employees Want?
Employers need to revisit the benefits
they offer their employees, and figure
out the perceived value employees
place on various benefits. Ideally for
organizations would be to club all the
benefits together, to their plans and
show the gaps between perceived
value by employees and real cost to
the company. The new benefits may
be incremental or replacement to
what is already offered with higher
perceived value (and maybe lower
costs). The end result should always
be enhancing the overall EVP and
organization objectives.

4. Total Rewards Optimisation
Extent to Extent to
which which
total rewards total rewards
support the are valued by
business Total employees
objectives
Rewards
Optimization
Total investment
and cost structure

5. Communication
 Generate
attention,  Easy access to general and personalized information about
create Total Rewards to ensure employees know what the
understanding, organization provides and how to use/participate. Tools:
build
engagement,
Online content Personalized statements
align the  Easy-to-use tools and resources to help employees gain the
experience with most value from what the organization provides. Tools:
the EVP, inform
Modeling tools online transactions, Interactive media.
the benefits,
drive action  Integrated messaging to align perceived value with actual
value. Tools: Stories/testimonials, promos, message driven
content

6. Thank You
.