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Part I focused on the critical need to update old total rewards playbooks in light of the likely impending recession, and to prepare for a host of potential unknowns.

Foundation Leadership CHAIR Betsy Larson HR and Total Rewards Leader SPHR, SHRM-SCP, CCP® Betsy Larson is a proven Human Resources and Total Rewards leader with over 25 years of compensation and total rewards industry experience in higher education (both private and public universities), Fortune 500 manufacturing, Fortune 100 healthcare, and Fortune 100 financial services.

U.S. employers forecast raising their total salary budgets between 3.8% and 4.1% for 2024.

See Issue Journal of Total Rewards Q1 2024 Artificial intelligence (AI) and its role in enhancing and improving total rewards is our focus in this issue of The Journal of Total Rewards.

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.

By allying with one of the world’s leading Total Rewards associations, Mercer in Australia will provide WorldatWork certifications through proprietary online and in-person classes, empowering Total Rewards professionals in Australia to take up leadership roles in the field while advancing their organizations.

Additional Information This course is designed for professionals in human resources, Total Rewards, compensation or global rewards who want to improve their financial acumen in order to design and deliver efficient and effective employee Total Rewards programs.

For WorldatWork Members ;Career Well-Being: Investing in Employees Key to Doing Business Today , Journal of Total Rewards article; ;How Total Rewards and Career Development Go Hand in Hand , Workspan Daily Plus+ article; ;How to Incorporate Skills into Rewards and Recognition , Workspan Daily Plus+ article; ;Boost Usage of Mental Health Benefits Through Peer Storytelling , Workspan Magazine article; As HR and total rewards (TR) professionals deploy strategies to combat employee burnout and increase engagement, they often must do so without requiring significant financial investments.

The industry projections for mean total increase budgets follow a similar pattern except for banking/financial services, which is projecting a merit increase budget lower than the national average, at 3.1%, but a higher-than-average total increase budget, at 3.7%

Total Rewards Strategies for Mental Health According to Dix, proactive steps are needed because: ;This is not purely a pandemic issue;; ;Unhealthy conditions existed and were building before it; and,; ;The situation is not going to resolve itself.; Dix advised organizations and their total rewards professionals to: ;Review the basics.