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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: ;Equitable and Diverse Workplaces; ;Finance and Budgeting; ;Organizational Performance; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Review and adjust board succession strategies to address changes in organizational needs and any new or emerging director skills the board may lack.; 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: ;Executive Compensation; ;Finance and Budgeting; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Zollo also noted if an employer doesn’t cover weight-loss GLP-1s today, these programs may seem like an economical way to add the coverage, but HR and total rewards professionals should consider the number of organizational employees that would seek coverage for these drugs to understand total cost.

Last year, Daniel Harding, director of global total rewards at Plug Power Inc., started working with the company’s PBM on a program through which pharmaceutical companies meet with doctors to discuss the importance of taking cost into consideration, particularly for employees with expensive specialty drugs.

.; 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; ;Finance and Budgeting; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Understanding Employee Perspectives In addition to offering pay transparency, employers must make sure their staff understands their salary and benefits, especially since less than half of workers in the US (48%) know their total compensation.

As of Sept. 30, there were 78 SoP failures for companies in the Russell 3000, seven more than the previous highest number of failures on record since SoP inception (71 total in 2021).

"Coupled with higher wages and the expansion of hours, these investments have not only resulted in lower turnover ... but have also increased hourly total cash compensation by nearly 50% since fiscal year 2020," the company said in a statement.

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For WorldatWork Members ;Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article; ;5 Ways You Can Reduce Workers’ Open Enrollment Regret , Workspan Daily Plus+ article;Benefit Document Builder , tool; For Everyone ;Most of Your Workers Will Likely Regret Their Open Enrollment Choices , Workspan Daily article; ;Open Enrollment Is an Opportunity for Education and Engagement , Workspan Daily article; ;Strategic Communication in Employee Benefits , course; ;Total Rewards ’25 , conference; When it comes to employees selecting their healthcare coverage benefits, there is good news and bad news.