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According to Citron, for employers to effectively attract, retain and motivate employees, many organizations should evaluate their holistic total rewards strategies, which include compensation but also benefits, career development, flexibility, well-being and more.

Compared with the pay of the former CEO, 77% of named interim CEOs earned at median: 53% of the total direct compensation;82% of salary;37% of long-term incentives (LTIs); (The bulleted numbers are reflected in the figure below.)

To remain compliant, total rewards professionals must understand when, why and in what amount salary deductions are allowed under the FLSA.

For WorldatWork Members 4 Reasons Performance Ratings Aren’t Vital to the Compensation Cycle , Workspan Magazine article;Compensation Structure Policies and Practices , research;Salary Benchmarking , tool; For Everyone How to Measure the Success of Your Annual Compensation Cycle , Workspan Daily article;Total Rewards ’25 , conference;Essentials of Compensation Management , course; One of your employees is churning out bonus-worthy work.

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