Blockchain a gamechanger for total rewards and employee benefits

Blockchain a gamechanger for total rewards and employee benefits

Amid the current talent crunch climate, employee benefits is one of the top priorities of HR leaders. While tech-driven advancement is a prominent feature of improvement agenda’s, those willing to leapfrog their peers should consider adopting blockchain-based offerings and solutions, write experts Paul Lalovich, Tesha Teshanovich and Ivan Bjelajac.

One of the most talked about technologies of today (and the future), the blockchain is here to stay, and it is spreading far and wide, bringing security, speed, and reliability to diverse industries while filling even more varied needs.

An area ripe for disruption by the blockchain is employee benefits. While the rest of the corporate world has been experimenting with blockchain at a growing pace (payments, supply chain, etc), the employee incentive and compensation domain has been traditionally slow to embrace blockchain-based innovation.