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Many HR and total rewards professionals would define a lateral job change as one that moves an individual from one position to a similar position within another team or department , and the new position has the same or is at least very similar in scope and the nature of responsibilities as the prior position.

Fisher stated it’s another tool to help total rewards professionals attract top talent who value flexibility .

“In the past, when candidates would negotiate their vacation days, they would always bring the same arguments — 'I have X years of experience' and 'I’m getting X weeks of vacation at my current company' — and those are very fair arguments,” said Maaike van Gogh, senior total rewards and data specialist with Alimentiv.

According to WorldatWork’s “ 2022 Total Rewards Inventory Programs and Practices Survey ,” paid parental leave was offered by 70% of organizations in 2022, which is up 13% from 2019.

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Save Reuse Permission Total rewards and human resources professionals face so many challenges today from external factors such as new business trends, economic conditions, emerging technologies, changing policies and workforce demographics.

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Relocation benefits remain a tool for total rewards professionals to recruit top talent in hands-on industries such as healthcare and manufacturing.; After falling to a record low of 1.5% in the fourth quarter of 2023, the percentage of U.S. workers relocating for new jobs increased to 2.4% in the first quarter of 2024, according to a new quarterly report published by Challenger that surveyed 3,000 job seekers across the country.