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Instead of talking about the traditional total rewards components (e.g., pay, benefits, careers, well-being), the “deal” was imagined as shown in Figure 1.

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; ;Finance and Budgeting; #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 considerable portion of employers have not established a pay equity strategy — and even more doubt their organization complies with global pay equity standards, according to the 2024 State of Pay Equity Report from beqom, a total compensation software company.

For WorldatWork Members Navigating Living Wages in Total Rewards , Workspan Magazine article;Multi-State Laws Comparison Tool , tool;How to Communicate Pay Frequency Changes , Workspan Magazine article;Salary Budget Survey , research; For Everyone The HR Horizon: Total Rewards Takeaways from the Recent U.S.

For WorldatWork Members Reimagining Rewards Strategies in the New Landscape of Work , Journal of Total Rewards article;Leveraging Total Rewards to Defeat the Four Horsemen of RTO , Journal of Total Rewards article;Total Rewards Inventory of Programs and Practices , research; Many employers feel less pinched these days in the labor market push-and-pull between employers and employees.

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; Conjoint analysis — a research method that evaluates different features or attributes of a larger product or service to assist in decision making — can have useful implications not only for product testing but in measuring how employees value their benefits.

For WorldatWork Member s : ;Employee Engagement: Drivers, Measures and Outcomes , Journal of Total Rewards article;The Role of Employee Ownership in Total Rewards Strategy , Journal of Total Rewards article;Measuring Up Mentorship Programs , Workspan Magazine article;Internal Mobility Keeps Employees from Moving On , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Inventory Checklist , tool ; For Everyone: ;Focus on Employee Experience and Engagement to Bolster Talent Retention Efforts , Workspan Daily article;How Gen Z is Redefining Total Rewards , Workspan Daily article;Invest in Career Development to Retain Young Talent , Workspan Daily article ; ; Corporate loyalty — long considered a key aspect of employee longevity — is dwindling among younger workers, according to recent research from WorkProud.

See Issue Journal of Total Rewards Q1 2021 Inclusion, mental health, societal inequalities and Whole-Person Workplace Values are examined in this issue of the Journal of Total Rewards.

For WorldatWork Members 2023 Total Rewards Inventory of Programs & Practices , research;Helping Employees Secure Their Retirement Future , Journal of Total Rewards article;Employer-Sponsored Student-Loan Repayment Benefits , Journal of Total Rewards article;Revisiting Retirement Benefits , Workspan Magazine article; With student loan debt in the U.S. totaling more than $1.7 trillion — and related stress significantly impacting workers’ mental health, productivity and retention — employers are increasingly exploring how to use total rewards to offer some relief.

The commission said an estimated 1 in 5 U.S. workers are currently subject to a noncompete.