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The Journal of Total Rewards Third Quarter 2023 | Volume 32 | No. 3 When deciding the theme for this issue of the Journal of Total Rewards, it was clear that pay transparency has become a growing area of focus for our readers.

For this purpose, Workspan Daily provides the following spreadsheet tool to enable calculations for three total rewards ratios: ;The salary competitiveness ratio (SCR);; ;The total cash competitiveness ratio (TCCR); and,; ;The benefits competitiveness ratio (BCR).; These ratios can give you a vantage point on how your organization’s pay and benefits (for individuals or groups) compare to the market or a competitor.

“These numbers point to a deeper problem: a disconnect between what’s offered and what employees actually need or understand,” said Sarah Liebel, the president and chief operating officer at Nayya.

., 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.

WorldatWork’s 2023 Total Rewards Professional Career Study Reveals Crucial Insights into Career Experiences Majority express satisfaction with roles and accomplishments A significant skills gap exceeding 10% was revealed 95% agree that training and developing new skills are paramount August 07, 2023 Scottsdale, Arizona — WorldatWork , the Total Rewards association, has conducted an in-depth Total Rewards Professional Career Study , exploring the demographics, essential skills, and career aspirations of today's Total Rewards professionals.

I have some bittersweet news to report: This Journal of Total Rewards (JTR) issue marks the final time Jack Kilgour will share his unparalleled research and knowledge with WorldatWork readers.

;Elevating the ROI of total rewards.

For WorldatWork Members The Great Benefits Reset: Value, ROI Lead Strategic Influences Ahead , Workspan Magazine article;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article;Benefits Pulse: A Guide to Listening, Learning, and Leveling Up , tool;Total Rewards Inventory of Programs & Practices , research; For Everyone Employers Aim for a Benefits Bull’s-Eye But Frequently Miss the Mark , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Benefits Outsourcing: Selecting, Contracting and Managing Service Partners , course;The Future of Direct Care in Employee Benefits , on-demand webinar; For today’s workers (and job seekers), the bottom line extends beyond the total on their paycheck.

; ;The Impact of the H.R. 1 Law on the Telehealth Safe Harbor; Access additional Workspan Daily Plus+ articles related to H.R 1: ;Checklist for Total Rewards to Be Compliant with H.R. 1 Provisions; ;The Ripple Effect: 529 Plans as a Catalyst for Financial Stability; ;What Are TR Pros’ Options for Paid Care Leave Design; 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 Compensation; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Despite the rollback, McDonald’s reported 30% of its U.S. leaders are members of underrepresented groups, up from 29% in 2021; it achieved gender pay equity at all levels of the company; and it met its goal of having 25% of total supplier spending go to diverse-owned businesses.