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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.

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: ;Equitable and Diverse Workplaces; ;Employee Benefits; ;Well-Being; #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: This article begins a four-part series exploring living wages in the total rewards context.

This course was previously titled Total Rewards Management.

RETHINKING TOTAL REWARDS TO BE FIT FOR PURPOSE In response to external factors such as the increasing reliance on nontraditional work arrangements, the number of employers who expect to reset their total rewards philosophy has increased 80% (WTW 2022a).

Compared to results from 2021 (when its remote-first policy began), the company also tracked a 52% rise in the total number of applicants for general and administrative jobs and a 103% increase in applicants for sales roles in 2023.

In addition to the potential $100,000 ceiling on the Ontario law, Seikaly said there are also discussions that the proposed legislation will require employers to disclose whether they use artificial intelligence (AI) during the hiring process.

Clayton Johnson, CCP Director, Total Rewards Consulting GBS Sandra Konyu, CCP, GRP, CCP*C Senior Consultant, Total Rewards True North HR Consulting Kathleen McNinch, CCP Total Rewards Manager Berkshire Health Systems Keri Purtell, CCP Classification and Compensation Analyst Prince William County Government Elliot Scott, CSCP Owner and Managing Director Elliot Scott Consulting LLC Ontario Stotts, CCP Senior Executive Compensation Partner Bon Secours Mercy Health Ashley Thomalla, CCP, GRP Senior Vice President Hub International Jacqueline Tran, CCP, GRP, CCP*C Manager, Total Rewards Kinross Gold Corporation Irena Wolf, CCP, GRP Senior Manager, Executive Compensation Juniper Networks Karey Wong Compensation Philosopher Georgina Xu, CBP Compensation and Benefits Manager Heraeus Journal of Total Rewards Q2 2025 Explore the next equity frontier -- where analytics help ensure inclusive advancement opportunities.

., employers with at least 250 employees must publish data about the difference in average pay between men and women, paying attention to total compensation as a factor, not just base pay.

Nancy Romanyshyn, director of Total Rewards Strategy & Solutions at Syndio, says at a minimum, organizations should disclose all available components of their total compensation packages to candidates.