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As companies are setting their 2025 budgets — and creating their next five-year plans — now is the time for total rewards professionals and finance departments to put their heads together and craft sustainable strategies that take continued health cost increases into account, according to a new CFO survey by Mercer.

Small Steps and Fine Tuning Waldron, now the total rewards director for PepsiCo., and his team in the Frito Lay division were able to improve the outcomes to 97% payment accuracy and 75% automation in the second iteration by 2016.

The Journal of Total Rewards Third Quarter 2023 | Volume 32 | No. 3 When deciding the theme for this issue of the Journal of Total Rewards, it was clear that pay transparency has become a growing area of focus for our readers.

Top Total Rewards Priorities The latest study reveals a significant shift in focus for 2026: strategic alignment of Total Rewards programs with organizational goals has emerged as the most influential driver of reward effectiveness, moving up from the #2 spot in 2025.

Fortunately, you can mitigate the Four Horsemen using effective application of total rewards strategies.

WorldatWork’s 2023 Total Rewards Professional Career Study Reveals Crucial Insights into Career Experiences Majority express satisfaction with roles and accomplishments A significant skills gap exceeding 10% was revealed 95% agree that training and developing new skills are paramount August 07, 2023 Scottsdale, Arizona — WorldatWork , the Total Rewards association, has conducted an in-depth Total Rewards Professional Career Study , exploring the demographics, essential skills, and career aspirations of today's Total Rewards professionals.

Evaluate Total Target Compensation Ranges The next step for an organization is to think about the salary and total target compensation ranges themselves. 

tool; ; U.S employers are budgeting for 3.3% merit increases and 3.6% total salary increases for non-unionized employees in 2025, according to Mercer’s August 2024 QuickPulse U.S.

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Show the leader hard data of the negative effects an unhappy workforce can have on the bottom line and the organization’s reputation.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Organizational Performance; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.