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This will require a sound understanding of the characteristics of the various types of rewards programs, what type of work and worker they best fit and how they can be administered effectively.

Over one-third of companies (36%) are disclosing individual pay ranges to employees, but an even larger number (46%) are planning or considering doing so in the future.

WorldatWork’s Total Rewards Inventory Programs and Practices survey found that 36% of organizations offered these plans in 2021 compared to 97% that offer defined contribution plans with pre-tax deferrals such as a 401(k).

., independent contractors make up roughly 36% of the workforce and account for 59 million workers, according to McKinsey’s 2022 American Opportunity Survey .

More than half (57%) of organizations have metrics in place to measure DEI results, with another 36% saying their companies are considering or evaluating the use of DEI metrics.

When asked to rate how their organization is prioritizing a number of skills when recruiting new HR talent, the largest number of respondents (52%) said that recruitment, sourcing and selection-related attributes were a high priority for them, with another 36% saying finding candidates with such skills for roles in HR was a “moderate” priority.

Key Takeaways Down in the rankings: “Building and maintaining culture” was listed as the No. 6 leadership concern in a recent Gallagher poll; it was No. 2 last year.

For WorldatWork Members ;Bonus Programs and Practices , research; ;Total Rewards Inventory of Programs and Practices , research; ;Total Rewards Inventory Checklist , tool; ;Crafting the Employee Value Proposition , tool; A recent report conducted by recruitment marketing agency HireClix found that more than 70% of employers have a formal employee referral program, but only 2% of them report that those programs are currently working.

Both the DOL and IRS have requirements, centering on the level of behavioral and financial control, and the type of relationship between the employer and contractor.; ;Prepare for possible audits.

Ihrke also shared WTW data that showed organizations with high well-being scores are linked to better business outcomes, including: ;36% more return on equity; ;30% lower healthcare costs for the employer; ;19% more return on assets; ;5% more revenue per employee; To encourage employees to make preventive care a priority, Ihrke said, “Total rewards professionals should have a targeted communication strategy to provide education and have reminders on when an individual should see a physician, include options for both in-person and virtual appointments, and communicate anticipated costs.”