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Other Options for Employers Given the fact that the majority of employees globally have indicated they would exchange pay for greater quality of life, finding ways to offer flexibility is a smart total rewards move, Ma said.

Stability offers value, which is reflected in the total rewards strategy, allowing the company to consider lower targets.

While nearly all the surveyed leaders are investing in AI, only 1% call their companies “mature” on the deployment spectrum.; 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; ;Finance and Budgeting; ;Organizational Performance; ;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.

Read Bio Enad Abu Naser Head of Total Rewards & Manpower Planning with Baladna-Qatar Assoc.

Released in February, its “ 2021 Total Rewards Inventory Programs and Practices ” report revealed that, out of a total of 886 responses, representing U.S. organizations across varying sizes and multiple industries, 10% said they offered paid sabbaticals to their employees (in 2016, it was 8%).

Weighting of Metrics As well as establishing how many companies use some form of employee metric in their performance-related pay plan, it is important to know what proportion of the CEO’s total maximum pay these metrics account for.

To align with total company philosophy and culture, stick to well-documented fundamental beliefs and philosophies about pay and adhering to administrative guidelines for budgeting, goal setting and award determination.

People who are ambitious, confident in their ability and willing to put their all into their work might be willing to accept a lower salary (certain income) if there is a greater incentive opportunity tied to performance that might result in higher total direct compensation.

Despite this finding, the data showed only 61% of employees felt satisfied with their benefit package.; 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; ;Executive Compensation; ;Finance and Budgeting; ;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.

For example, one component would reward total sales performance, while a second component might reward product mix, profit or new account sales.