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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: ;Employee Benefits; ;Employee Experience; ;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.

An earlier Journal of Total Rewards paper on the Obermatt research project described the increased use of ESG metrics in European executive compensation plans (Fickess 2022).

It also includes requirements related to the disclosure of executive pay in the remuneration report, more specifically: The total pay is divided by pay components (e.g., base pay, bonus, long-term incentives) and the relative proportions of these components.

The boards began to understand the concept of target total compensation and knew how to demand the measurement of share-based compensation as part of the total compensation.

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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.; 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: ;Career Growth; ;Employee Benefits; ;Employee Compensation; ;Employee Experience; ;Equitable and Diverse Workplaces; ;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.