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Infographic: 2013 Talent Management and Rewards Study — North America (Towers Watson)
 

Infographic: 2013 Talent Management and Rewards Study — North America (Towers Watson)

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This infographic represents insights on "Balancing Priorities in the Era of Health Care Reform" from the 2013 Towers Watson Talent Management and Reward Survey

This infographic represents insights on "Balancing Priorities in the Era of Health Care Reform" from the 2013 Towers Watson Talent Management and Reward Survey

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    Infographic: 2013 Talent Management and Rewards Study — North America (Towers Watson) Infographic: 2013 Talent Management and Rewards Study — North America (Towers Watson) Document Transcript

    • 67% 2% 17% 7% 2% 4% 64% 3% 18% 7% 3% 4% Companies are weighing their options in response to the public exchanges launching in 2014 as part of the Patient Protection and Affordable Care Act (PPACA). towerswatson.com Contact your local Towers Watson consultant. $ Insights From the 2013 Talent Management and Rewards Survey Series Balancing Priorities in the Era of Health Care Reform Almost half of all organizations are considering changes. The total reward mix — what to change, what not to change Of those considering change, percentage of organizations considering change in each area 68% 34% 23% Total rewards design or mix Total rewards strategy EVP for some or all employees Service offerings or parts of our business strategy Workforce strategy or mix 64% 38% Those companies considering changes are most likely to be making changes to their total rewards strategy and mix. Among those companies considering changes in the area of total rewards, there is no consensus yet on how the mix will change. Displaying data for hourly employees as they are more likely affected by health care reform. Data for professional employees are similar. 55% 45%Some companies are considering action in key areas such as the EVP and total rewards, or workforce and business strategy. The remaining companies are adopting a wait-and-see approach. 58% 8% 19% 19% 8% 4% 27% 54% 38% 58% 69% 85% 15% 38% 42% 23% 23% 12% Base pay Bonus/Incentive pay Health care benefits Retirement benefits Training and development Other programs (e.g., time off) % of pay % of companies expecting the percentage to: Now In five years Decrease Stay the same Increase About the Survey This survey was conducted in April and May 2013. A total of 113 organizations from the United States participated.