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Total Rewards Statements Total reward statements (TRS) are a way of showing employees the value of other elements of their rewards package, such as pensions, medical insurance, annual leave and company shares, alongside pay.

During WorldatWork’s Sales Comp’24 conference on Tuesday in San Francisco, leaders from PepsiCo and partner companies shared what gears organizations need to keep aligned and running for this total rewards vehicle to operate effectively.

For WorldatWork Members ;Pivot on Pay: Getting Creative to Attract and Incentivize Talent , Workspan Magazine article; ;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article; ;Don’t Underestimate the Power of Non-Financial Rewards , Workspan Daily Plus+ article; ;How Total Rewards and Career Development Go Hand in Hand , Workspan Daily Plus+ article; For Everyone Workers Are Seeking Greener Pastures, and Higher Pay Is the Driver , Workspan Daily article;Leveraging Competitive Compensation to Retain Top Talent , Workspan Daily article;How Total Rewards Can Close the Work Experience/Readiness Gap , Workspan Daily article;Invest in Career Development to Retain Young Talent , Workspan Daily article; Young workers generally have different career outlooks and goals than their occupational predecessors, and one way to view that is through tenure.

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; ;Organizational Performance; ;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.

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; ;Employee Benefits; ;Employee Compensation; ;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.

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

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That is about 15% less than the total of what they would pay separately (author’s calculation).

For WorldatWork Members Five Emerging Workplace Trends Affecting the Employee Experience , Journal of Total Rewards article;Pay Equity Study , research;Pay Equity Laws by State — Are You in Compliance?