Why traditional employee compensation is not enough in 2023

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It’s no secret that the nature of work has changed dramatically over the past few years. What relatively few employers have realised is that employee expectations have also changed. 

In order to ensure employee retention and the maintenance of a healthy, productive workforce, employers need to up their game and consider compensation from a more holistic perspective. Let’s explore what that might look like in real life, from an HR perspective.

Image by Racool_studio on Freepik

Understanding changing social needs

To understand what employees are looking for from their workplace, it’s incredibly helpful to first identify changing social needs.

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