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According to Michael Piker, the vice president of global total rewards at cosmetics company Shiseido, annual benefits selection introduces a “maze of complexity for employees trying to make an informed decision,” but total rewards (TR) professionals are discovering that AI tools — when integrated strategically and thoughtfully — can provide valuable assistance to both the worker and the employer.

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In addition,  the United Kingdom’s 2023 average total salary increase budget exceeded projections, reaching 4.5% (4.0% median) compared to the projected 3.9%.

CBP Foundations Bundle ($1,116 USD per course) Add to Cart COURSE (1 OF 3) Total Rewards Management for Benefits Success View Details COURSE (2 OF 3) Regulatory Environments for Benefits Programs View Details COURSE (3 OF 3) Strategic Communication in Employee Benefits View Details CBP Plan Design and Administration Bundle ($1,116 USD per course) Add to Cart COURSE (1 OF 4) Retirement Plans: Design Considerations & Administration View Details COURSE (2 OF 4) Health and Welfare Plans: Strategic Planning and Design View Details COURSE (3 OF 4) Health and Welfare

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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 ;Employee Compensation ;Employee Benefits ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

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 ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

Kilgour , a professor emeritus in the Department of Management at California State University, East Bay, published in The Journal of Total Rewards.