Employee Rewards, Health, & Wellness
At ²ÝÝ®ÊÓƵ, our total rewards philosophy is to provide a meaningful and flexible spectrum of programs that equitably support our diverse workforce and their families and complement ²ÝÝ®ÊÓƵ’ strategy and values.
Our rewards strategies (compensation, benefits, wellbeing, and recognition) aim to help our employees help themselves to live well. Our global LiveWell program focuses on four pillars: social, financial, emotional, and physical wellbeing and provides specific programs and resources to support our employees and their families within each of these areas. LiveWell represents our total rewards offerings that are designed to attract and engage highly skilled talent, meet individual and family needs, and inspire, celebrate, and engage our people and teams through enhanced interactions in moments that matter in an environment where employees feel productive, trusted and empowered. We conduct employee total rewards and well-being surveys plus industry and peer benchmark studies to assess whether our offerings are aligned to the market and if they meet the needs of our employees and their families. Opportunity areas to further align offerings with our total rewards strategy are then identified and actioned based on the benchmark data and employee feedback.
Our Commitment to Employee Health and Wellness
At ²ÝÝ®ÊÓƵ, we operate with empathy and care by supporting our people with the resources and tools to help them and their families live well. Through our overall LiveWell program we amplify our commitment to help employees and their families achieve optimal well-being socially, financially, emotionally, and physically. We aim to provide benefits coverage through affordable core plans of healthcare, protection, and future savings complemented by local benefits to reflect the local market environment and cultural nuances and access to additional plans flexibly tailored to meet individual needs and promote diversity, equity, and inclusion. While our footprint spans the globe, we have established these core benefits (in conjunction with wellbeing resources) to provide a consistent base level of protection and welfare for the global employee population and their families.
We continuously raise awareness of health and well-being topics through speaker series, global and local events and targeted initiatives on physical fitness, nutrition, mental health, family and community, and financial education. In 2023, we continued to expand our Nutrition2Nourish (N2N) program which included live and on demand learning programs and social media nutrition ‘bites’. Information shared aims to continue building and strengthening nutrition knowledge during our nutrition and wellness transformation journey.
We provide Employee Assistance Programs (EAP) in over 30 countries for confidential life event services ranging from personal, family, and work-related services provided by specialists for our employees and their families when needed.
Our global recognition program spotlights those that live our culture and values. Building on the foundation of meritocracy, the program enables managers and employees to celebrate and acknowledge others through social recognition, achieving key service milestones, or experiencing personal life events. The act of recognition benefits the givers and receivers. Over 80 percent of the eligible program population have received one or more awards. Our global LiveWell hub and complementary local LiveWell sites also provide employees easy access to external resources and internal programs available to them. We conduct LiveWell expos to provide employees the opportunity to learn about their local benefit plans directly from vendors and internal experts to make the best choice during the annual enrollment periods. Our learning platform, Ownerversity also houses additional touchpoint to help employees navigate the elements of Total Rewards, including compensation, benefits, wellbeing, and recognition.
