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Meaningful Total Rewards Strategy As illustrated in the HPEX framework, part of providing a positive employee experience involves having a thoughtful total rewards strategy.

Learn: Total Rewards Management It’s also important to recognize compensation is just one of many elements that make up a company’s total rewards package.

How has this growing priority influenced your total rewards strategy in recent times?

The design or implementation of a particular vendor’s benefit may be administratively burdensome for your total rewards department.

This is a smaller upfront distribution than historical practice, when the average upfront allocation was 70% to 80% of the total pool.

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; Millions of individuals in the U.S. have incurred student loan debt while attaining a higher-education degree or paying for a dependent to do so.

;Total rewards should be utilized more .

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; ;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.

Editor's note: This article is the second in a four-part series exploring living wages in the total rewards context .