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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 Compensation;Employee Recognition; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Access a bonus Workspan Daily Plus+ article on this subject: ;Emphasizing the Value of Total Rewards During Economic Uncertainty; The economic uncertainties facing workers are significant: ;43% of employees surveyed by the Society for Human Resource Management (SHRM) said inflation had an extreme or significant impact on their personal finances in 2024, and 46% were concerned about inflation’s impact on the value of their compensation.; ;WTW’s recent “Global Benefits Attitudes Survey” found one-third of polled workers are financially worse off today than they were a year ago.

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; ;Organizational Performance; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Among workers who are very satisfied with their benefits, overall job satisfaction is 74%, versus 24% job satisfaction among workers who are dissatisfied with their 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: ;Employee Benefits;People Analytics;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members Internal Mobility Keeps Employees from Moving On , Workspan Magazine article;High Potential: The Power of Job Rotation, Shadowing and Stretch Goals , Workspan Daily Plus+ article;Pandemic Disparities — Exploring the Employment Gap , Workspan Magazine article; As total rewards professionals gear up to facilitate a shift to a skills-based organization , one important tool they can wield is a performance management approach — and, subsequently, a pay structure — centered on skills rather than job titles.

For WorldatWork Members ;Walmart Embeds Progressive Pay Equity & Opportunity Equity Strategies , Workspan Magazine article; ;How to Support Employees Whose Work Can’t Flex , Workspan Magazine article; ;How Will Recent Union Wins Affect Overall Total Rewards?

For WorldatWork Members Supporting Employee Caregivers: A Resource Guide , Workspan Daily Plus+ article;Torn Between Work and Care , Workspan Magazine article;Childcare Benefits: Addressing Cost and Accessibility , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; Offering family care benefits to employees has become a smart move for businesses to reduce costs and attract and support great (and grateful) employees.

Ensure alignment between business goals and: ;Pay equity audits by closing any gaps that are unsupported by neutral data.; ;Benefits program reviews by staying informed on the needs of a changing workforce and what benefits they value.; ;Recognition program assessments by ensuring transparency and freedom from bias with regularly reviewed criteria and awards.; ;Learning and development accessibility by recognizing a diversity of learning styles, and supporting diversity of thought, while ensuring resource availability for all employees.; 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 Experience; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

A Total Rewards Issue Gord Frost, Mercer’s global rewards solution leader, said it ultimately becomes a total rewards issue, as employers need to take a holistic approach to address what caregivers deem as important.

For WorldatWork Members ;Employing Age-Friendly Work Practices for Multigenerational Workforces , Journal of Total Rewards article; ;Strategic Benefits: How Employee Benefits Can Create a Sustainable Competitive Edge , Journal of Total Rewards article; ;Easy AI Tips to Improve Benefits Communications , Workspan Daily Plus+ article; The average Gen Z worker (those born between 1997 and 2012) has spent most of their life experiencing significant turmoil, according to John Bremen, the managing director and chief innovation and acceleration officer at WTW.