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She added: “The most agile companies separate where talent sits from where value is created.”; 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.

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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.

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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.