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Compensation includes wages, bonuses, fringe benefits, and equity-based compensation.

Workspan Magazine article;The FTE Factor: Measuring and Utilizing Your True Workforce Size , Workspan Daily Plus+ article;How to Calculate the ROI on Your Wellness Program , Journal of Total Rewards article; For Everyone Accounting & Finance for the HR Professional , course;Business Acumen for Compensation Professionals , course;How to Measure the Success of Your Annual Compensation Cycle , Workspan Daily article;5 Keys: Using Incentive Comp to Lift Performance, Profits, Innovation , Workspan Daily article;The Role of Profitability Metrics in Sales Compensation Plans , Workspan Daily article; As the epicenter of employee engagement, attraction and retention, the total rewards (TR) function within the human resources department has always carried a hefty price tag.

Prior to the pandemic, remote workers were often more likely to be passed over for promotions or increased compensation.

See Issue Journal of Total Rewards Q2 2021 Statistical models from pay equity analysis can drive significant insights about compensation philosophies that managers apply in different areas.

The other areas where respondents said they feel “least prepared” included: ;Developing effective compensation and benefits strategies (39%);; ;Managing employee performance and skills (32%); and,; ;Developing strategies that support organizational vision and values (28%).; Those are big topics that will be addressed in my upcoming articles.

Now in its 49th year, WorldatWork’s Salary Budget Survey is the longest-running survey of its kind and offers CEOs, Chief Financial Officers and HR professionals robust, year-over-year data to design competitive compensation plans and total rewards strategies that attract and retain high-performing employees.

“This market range is based on total compensation (vs. only base salary), which is in line with our compensation philosophy,” the listing read. 

HR leaders can address these disparities through comprehensive pay equity audits, transparent communication about compensation strategies and targeted interventions to ensure fair market alignment.

Recertification is more than maintaining a credential — it's reinforcing your expertise, staying current in a dynamic field and demonstrating your ongoing commitment to excellence in Total Rewards, Compensation and Benefits.

It examines such issues as which organizations are taking action on pay equity, how frequently organizations conduct pay equity analyses, the barriers and motivators of pay equity work, what types of compensation are included in pay equity analysis, how organizations share the results of pay equity analyses and more.