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Towers Watson’s 17th consecutive Talent Management and Rewards Study reveals the demand for the right talent is as strong as ever — and the stakes for attracting, keeping and engaging that talent are high. Not in recent history have we seen such rapid movement in economies, and workforce demand and availability. Even as organisations continue to rein in operational costs, many push expectations for employee and financial performance ever higher. As a result, the workforce is often providing greater efforts without the promise of greater rewards.
In total, 1,605 respondents from across the globe including over a hundred from India, across sectors and industries, participated in the study. The research documents companies’ efforts to tackle the hard work of fine-tuning their employee value proposition (EVP) and total rewards strategy for global competition — and the demonstrable, significant and sustainable rewards of doing so.