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In each issue of Workspan, we grab some time with total rewards leaders, industry authorities, consultants and academics to get their insights on current workforce topics that are top-of-mind for them — and you.

See Issue Workspan Q4 2023 In the Q4 issue of Workspan, we explore the most robust AI experiments in total rewards and HR strategy.

“Like many other companies, we introduced many smaller benefits to help [employees] with child care and elder care, to take additional paid intermittent leave and to allow flexibility to work from anywhere in the country, all of which helped to ease the stress that our employees were feeling,” said Ivor Solomon, head of total rewards at Genentech.

I believe that if an employer manages to take away the private pain points, that can be a huge benefit … if you know the private pain points of the employees and solve them for them.”

Total Rewards Statements Total reward statements (TRS) are a way of showing employees the value of other elements of their rewards package, such as pensions, medical insurance, annual leave and company shares, alongside pay.

Some direct quotes from the survey underscore this point: ;“Training for participants in how they need to articulate their accomplishments and ratings helps make this a smooth process.”; ;“Role clarity is important, but it needs to be documented, accessible, communicated effectively and routinely reinforced, especially when implementing a new program.”; Executive alignment around PM purpose and practices The emphasis on senior leadership alignment around purpose and processes is straightforward.

;Learn the different types of welfare plans, their provisions, and how these benefits function in a total rewards package.

To inform organizational improvements, HR and total rewards professionals often tap into employee sentiment, suggestions and concerns by using various methods, including engagement surveys, listening tours and focus groups.