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Total rewards can represent up to 70% of an organization’s budget — and as the stewards of that investment, it makes perfect sense that HR and TR leaders would need a finance mindset, said Marta Turba, the vice president of content strategy at WorldatWork.

More than 70% of the global workforce has some sort of a caregiving role, according to data compiled by Mercer ; the rates for so-called “ sandwich generation ” demographic groups — millennials (78%) and Generation X (74%) who must care for children and their aging parents — lead the way.

Nearly half of survey respondents (48%), consisting of business leaders and decision makers, said they would only consider staff reductions as a last resort, and 70% would never, or only as a last resort, reduce or eliminate the employee benefits they offer.

For Gen Z workers and millennials, that number rose to 80% and 70%, respectively, though Smith cautioned they are more likely than their older counterparts to believe that “strong performance in assigned responsibilities should be enough to earn a promotion .”

Turning to Social Media for Benefits Information The Aflac report showed that while almost three-quarters of employers feel their employees have a solid understanding of their total healthcare costs, only 54% of employees agree — and almost 70% of those workers wish their organizations would share more information about their benefits packages.

.;70: The percentage of higher-educations institutions that reported they employ at least one professional residing out of state (up from 63% in 2021-2022), suggesting they may be increasingly open to employing professionals living in another state.

A perfect match doesn’t exist, but if 70% to 80% of the job duties match, it’s considered a valid match.

Career Impact 96% Made me more effective at work 93% Improved my strategic thinking 94% Made me more confident Organization Impact 84% Improved Employee Satisfaction * 74% Improved Employee Retention * 70% Improved Organization Growth* Source – 2023 WorldatWork Customer Impact Study (n= 874).

The program is open to U.S. employees at Level 67 — the equivalent of senior director — and below, excluding those on sales incentive plans, whose years of service plus age total 70 or more.

Global research by McKinsey finds that decision making can consume up to 70% of C-suite members’ time.