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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: ;Well-Being; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

That value exceeded the $932 billion total in federal, state and local Medicaid spending and $557 billion total in out-of-pocket health spending, according to AARP.

For WorldatWork Members ;Linking Rewards to Successful Performance Management Practices , Journal of Total Rewards article; ;How AI Is Rewiring Performance and Rewards , Journal of Total Rewards article; ;A New Way to Evaluate Performance-Compensation Strategy , Journal of Total Rewards article; ;From Perks to Performance: Total Rewards as a Strategic Force , Workspan Magazine article; ;Performance Review Builder , tool; For Everyone ;Q&A: How Can TR Leaders Position Themselves as Performance Partners?

For WorldatWork Members Easy AI Tips to Improve Benefits Communications , Workspan Daily Plus+ article;Emphasize the Value of Total Rewards During Economic Uncertainty , Workspan Daily Plus+ article;The What, How and Why of Performing a Cost-Benefit Analysis , Workspan Daily Plus+ article;Total Rewards Inventory of Programs & Practices , research;Benefits Strategy Guide , tool; Year-end deadlines affect many employee benefits through use-it-or-lose-it provisions, elective contribution maximums and incentive qualification requirements.

Combined, open-ended and exchange-traded mutual funds accounted for 98.6% of total investment company assets in 2018.

There has been an increased interest in using benefits more strategically (see a special issue of The Journal of Total Rewards ( WorldatWork 2021).

Johansson also shared that 67% of organizations have said that their total compensation spend had increases in 2022 compared to 2021.

“Pay transparency is as important as raising awareness around the pay gap, but it goes beyond your salary,” said Tanya Jansen, co-founder of beqom, a total rewards management 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; ;Workforce Engagement; #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 Experience; ;Employee Recognition; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.