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

Gallagher’s Olson also believes employers that provide a range of benefits that appeal to a diverse workforce “are better positioned to attract the right person for the right job — and keep them.”

That said, it’s important for organizations to tailor their benefits packages to their workforce’s needs, ideally by including employee input into the decision-making process.

For WorldatWork Members ;Total Rewards Inventory of Programs and Practices , research;Navigating Living Wages in Total Rewards , Workspan Magazine article;Total Rewards for New Ways of Working , Journal of Total Rewards article;Steps You Can Take to Deliver to the Employee Value Proposition , Workspan Daily Plus+ article;How Total Rewards Can Solve Loyalty Issues Among Younger Workers , Workspan Daily Plus+ article ; For Everyone ;Total Rewards Today: Spending Money Where It Counts , Workspan Daily article;Employees Seek More Personalized Total Rewards Packages , Workspan Daily article;With a Multigenerational Workforce, Personalized Rewards Are Key , Workspan Daily article ; ; In a tight labor market, forward-thinking organizations are aware that employees who do not understand the value of their benefits may leave to seek a better rewards package elsewhere.

But the judge cited statistics that 15% of Meta’s U.S. workforce holds H-1B visas, which typically go to foreign professionals, compared with 0.5% of the overall workforce.

Miller said top takeaways for employers that may still have tiered structures within a unionized workforce is to be continually transparent.

“The global workforce is dedicating the vast majority of their lives to keep the engine running, and it’s essential to think of them at the end of their [professional] lives as well,” said Jasmine Escalera, a career expert with LiveCareer, an organization that provides job-hunting resources.

Southwest Airlines Announces First Mass Layoffs Dallas-based Southwest Airlines recently announced plans to cut 1,750 jobs, or 15% of its corporate and leadership workforce.

Michigan Makes Changes to Minimum Wage, Tip Credit Amounts The Michigan legislature recently approved Senate Bill 8 to amend the state’s minimum wage and tip credit amounts within the Improved Workforce Opportunity Wage Act.

Whether you are new to managing people and rewards, or are gaining experience in an unfamiliar area, this glossary provides reliable definitions for key terms.