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Workspan: And what advice would you offer an HR or total rewards leader at an organization looking to beef up its financial well-being efforts?

“There is no way people can work and caregive the way businesses are structured,” said Beacom, who published a paper on parental leave in a recent Journal of Total Rewards.

The total rewards professional’s role in all of this?

Without understanding the impact sample size has on the market data, nor how survey data specific to the high cost of labor markets doesn’t guarantee that the value of the job will be higher than the total sample.

Greene is a frequent contributor to The Journal of Total Rewards and Workspan magazine.

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

For more about employee listening and engagement strategy, see: How Well Do You Elevate Employee Input into Total Rewards Design?

These metrics lean toward environmental goals (40%), however, of the 10% of companies that added an ESG metric to their annual incentive plan in the past year, most commonly the metric was a DEI (Diversity, equity and inclusion) (8% of the total sample) or environmental (5%) metric.

KEY ELEMENTS OF A HOLISTIC WELL-BEING PROGRAM Objectives Understand employee mental health and barriers to achieving well-being;Reduce stigma, increase empathy and social connection;Alleviate stress and burnout;Enable access to timely high-quality care; Elements Training and education;Support networks, mental health champions;Flexible work models;Comprehensive behavioral health benefits;EAP offerings;On-demand resources; Keys to success Leadership support and communications;Metrics and accountability;Adequate focus and investment; THE CASE FOR INVESTING IN MENTAL HEALTH Untreated mental illness is costly and severely affects productivity in the workplace Across the globe, mental health disorders are on the rise, and costs total $1 trillion annually, including an estimated 12 billion working days in lost productivity (Lancet 2018).

Experts point to these six key HR and total rewards priorities — all of which are being significantly stepped up now.