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;Total rewards programs.; While that high percentage seems promising, how effectively an organization incorporates and blends that full scope of well-being as a part of its business strategy is what impacts employee engagement and well-being perception, talent acquisition and retention and overall business results.

Budget amounts for ERGs vary, based on organization size and total amount of funds allocated to DEIB initiatives.

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The amount of total compensation under any program should be meaningful and aligned with market levels for the participant’s role.

“It is difficult to do any of these well with a total available pool of 3% or 4%.

All of a sudden, such often overlooked tools as an employee assistance program (EAP) gained prominence in the total rewards practitioner’s arsenal.

Consider the following statement from the UK Tribunal report, “Uber’s case is that the driver enters into a binding agreement with a person whose identity he does not know (and will never know) and who does not know and will never know his identity, to undertake a journey to a destination not told to him until the journey begins, by a route prescribed by a stranger to the contract (UBV) from which he is not free to depart (at least not without risk), for a fee which (a) is set by the stranger; and (b) is not known by the passenger (who is told only the total to be paid); (c) is calculated by the stranger (as a percentage of the total sum); and (d) is paid to the stranger.”

Lowering total pay increases (e.g., prior double-digit increases are not sustainable).

Tesla has reported $0 as total compensation for Musk since at least 2020.

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 Compensation ;Employee Experience ;Organizational Performance ;Finance and Budgeting ; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.