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BENEFITS IN A TOTAL REWARDS FRAMEWORK The concept of total rewards includes compensation, benefits, work-life balance programs, recognition programs, performance management and talent development.

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The bill in its current form caps what the state would spend in total on program participants’ credits at $750,000 a year for five years.

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Logically, benefits strategies, as an integral part of the total rewards strategies, emerged as a critical lever for effectively managing the new employer-employee relationship.

“Leading employers need to be thoughtful, strategic and transparent about the overall total rewards offering for all of their various employee groups — potentially including elements beyond the hourly rate, to include things like benefit eligibility and other types of coverage,” he said Reviewing compensation structures to ensure that ranges are compliant is the bare minimum, Frost said, and employers need to think strategically and holistically to ensure that their total rewards programs support their workforce strategy and, by extension, their business strategy.

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