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Weaker annual bonuses and LTI awards contributed to a reversal in total compensation trends and weak stock performance accounted for much of the decline in CEO pay in 2022 because CEO compensation was often tied partly to investor returns.

The result: Employee engagement drops when your organization needs it the most.

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.

For WorldatWork Members Helping Employees Secure Their Retirement Future , Journal of Total Rewards article;FAQs to Help You Navigate Employee Retirement Discussions , Workspan Daily Plus+ article;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article;How TR Pros Can Help Workers Financially Prepare for Retirement , Workspan Daily Plus+ article; For Everyone The Critical Role of Retirement Income Projections in DC Plans , Workspan Daily article;Retirement Industry Trends to Watch for in 2025 , Workspan Daily article;Retirement Plans: Design Considerations & Administration , course; Defined contribution (DC) plans have become the dominant retirement savings vehicle for American workers, amassing more than $7 trillion in assets and covering more than 70 million participants.

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 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; Making sweeping changes to your total rewards program can be a thorny task, due to the intensely personal nature of compensation and benefits for employees.

King's Hawaiian's chief people officer encouraged total reward pros at WorldatWork's Total Rewards '23 Event to think holistically when it comes to employee rewards strategies.

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.

In each issue of Workspan , we grab some time with total rewards leaders, industry authorities, consultants and academics to get their insights on current workforce topics that are top-of-mind for them — and you.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;WorldatWork KPIs and Business Formulas , tool;Benefit Document Builder , tool;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;Studies: Benefits Offerings Grow to Strengthen Employee Engagement , Journal of Total Rewards article; For Everyone Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Are Employers Aligned with Workers’ Pay and Benefit Concerns?