We are pleased to publish the 6th Edition of the KPMG HR/Reward Practices Survey. In this edition, we have provided information on how organisations are managing people cost, the growing millennial workforce and changes HR practitioners would like to make to improve the effectiveness of their rewards programmes.
Having emerged from the 2015/16 economic recession, many organisations are making critical changes to strengthen profitability and risk management framework. Companies that are able to master the delicate balance between cutting costs to survive and investing for potential future growth will be best positioned to take up emerging opportunities.
Based on the survey results, employers believe that Millennials desire more flexibility in getting things done, international opportunities/exposure, well-defined career paths and freedom to act within defined boundaries.
The survey findings show that, in terms of managing costs associated with providing benefits-in-kind (BIK), majority of respondents either monetized BIK, adopted a spending limit or increased the replacement period for assets, such as status cars and generator sets.
Click to download and read more of KPMG's findings on this survey report.
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