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Personalizing Total Rewards Because the Class of 2024 is going to be a particularly diverse group, employers will need to take a unique approach to compensation and rewards, said Gordon Frost, global rewards solution leader at Mercer.

Kian is a certified Microsoft Excel 2019/365 Expert who created and delivered hands-on Excel workshops for local Total Rewards organizations and at the 2024 WorldatWork Total Rewards Conference.

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“You have so much more information out there, in some respects I think it’s reshaping how some folks are going about any sort of salary negotiation,” said Nancy Romanyshyn, senior director of total rewards strategy and solutions at Syndio, a pay equity software company.

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: ;Employee Benefits; ;Employee Compensation; ;Finance and Budgeting; ;Organizational Performance; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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: ;Employee Compensation; ;Finance and Budgeting; ;Organizational Performance; ;Sales Compensation; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Businesses have continued to provide offerings based on historical practice, rather than viewing this as an opportunity to lead what talent looks like for their organization, and ensuring that their employee value proposition includes a holistic total rewards philosophy that's available to all.

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Use feedback to inform plan modifications.; 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: Employee Benefits;Employee Experience; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

The total cuts will amount to about 3% of headcount that has ballooned to almost 47,000 from 28,000 just five years ago and 17,000 in 2012.