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Often cited as a way to measure the viability of a business strategy, project or product feature, cost-benefit analysis can serve as a useful tool for total rewards professionals.

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.

Theresita Richard, the chief people and culture officer at Patagonia, may have provided a visual model while participating in a panel discussion, “Optimizing Total Rewards in a Volatile Work World,” at WorldatWork’s Total Rewards’24 conference Tuesday morning in Cincinnati.

This might include the cost of certifications or subscription services used for online learning, seminar attendance fees, or the average investment per employee of internal training programs they attended.; 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 Recognition; ;Total Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

The Journal of Total Rewards W e are pausing production of the Journal of Total Rewards and taking time to determine if this publication continues to meet your evolving needs.

For this purpose, Workspan Daily provides the following spreadsheet tool to enable calculations for three total rewards ratios: ;The salary competitiveness ratio (SCR);; ;The total cash competitiveness ratio (TCCR); and,; ;The benefits competitiveness ratio (BCR).; These ratios can give you a vantage point on how your organization’s pay and benefits (for individuals or groups) compare to the market or a competitor.

For WorldatWork Members Strategic HR Analytics: Driving Business Performance , Journal of Total Rewards article;Total Rewards Inventory of Programs & Practices , research;People Analytics Study , research; For Everyone Improve Workforce Engagement by Measuring the Right Analytics , Workspan Daily article;Powerful Decision-Making with HR Metrics and Analytics , on-demand webinar;How to Source and Analyze Data to Increase Business Insights and Impact , on-demand webinar; NEW!

For WorldatWork Members Setting Relevant Metrics: Key to Effective Performance Management , Journal of Total Rewards article;Reimagining Rewards Strategies in the New Landscape of Work , Journal of Total Rewards article;People Analytics Study , research; For Everyone Total Rewards ‘25 , conference;Elevate Engagement and Workforce Planning Through AI , Workspan Daily article;How to Source and Analyze Data to Increase Business Insights and Impact , on-demand webcast; Shaun Brodsky and Anthony Vodola are no strangers to human capital transformations.

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; NEW!

Organizations can use the group they’ve already selected in the 10-K disclosure, a peer group that is used for total benchmarking, or a peer group from a relative total shareholder return plan.