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Employers warned not to be complacent in the talent battle as CIPD’s reward risk survey finds increasing pension costs are now a bigger concern than attraction and retention
Ensuring benefits packages are engaging and motivating has become a greater concern for reward professionals than attracting and retaining staff. The latest Reward risk survey from the Chartered Institute of Personnel and Development (CIPD) reveals that ‘attraction and retention of key employees’ has fallen out of the top ten list of concerns for the first time since the survey began in 2010, while ‘increasing pensions costs’ has crept in to the top ten for the first time.
The top concern remains, for the second year running, that ‘employees don’t appreciate the value of the total reward offering’, and ‘reward not engaging employees’ has moved to second place from seventh last year. Meanwhile, employee attraction and retention have moved from 1st and 6th places in 2010, and 9th and 10th places in 2011, to 11th and 12th in 2012.
