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For WorldatWork Members ;Leveraging Total Rewards to Defeat the Four Horsemen of RTO , Journal of Total Rewards article; ;Compensation Structure Policies and Practices , research; ;Engage Community , peer engagement and connection platform; NEW!

Total Payroll Cost to Revenue Ratio = (Total Payroll Costs / Total Revenue) * 100 Variable Pay to Total Compensation Ratio Assesses the proportion of variable pay (bonuses, commissions, etc.) in relation to total compensation expenses.

Pet insurance is one of the company's latest additions to its total rewards package, joining extended mental health and wellness benefits.

Actions to consider include: ;Offer comprehensive wellness programs that can increase the overall health of your workforce and potentially identify conditions and treatment before they become more significant.; ;Implement strategies like centers of excellence for costly procedures (e.g., organ transplants, cancer treatments), which can provide quality care at a lower, negotiated rate.; ;Pursue pharmacy benefit management (PBM) strategies to manage high-cost specialty drugs like glucagon-like peptide-1 (GLP-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 Benefits; ;Finance and Budgeting; ;Well-Being; #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 Pivot on Pay: Getting Creative to Attract and Incentivize Talent , Workspan Magazine article;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article;Don’t Underestimate the Power of Non-Financial Rewards , Workspan Daily Plus+ article;How Total Rewards and Career Development Go Hand in Hand , Workspan Daily Plus+ article; NEW!

Our exclusive resources, research and online tools will elevate you and your organization to industry - excellence in Total Rewards.

Our exclusive resources, research and online tools will elevate you and your organization to industry - excellence in Total Rewards.

Our exclusive resources, research and online tools will elevate you and your organization to industry - excellence in Total Rewards.

Small Steps and Fine Tuning Waldron, now the total rewards director for PepsiCo., and his team in the Frito Lay division were able to improve the outcomes to 97% payment accuracy and 75% automation in the second iteration by 2016.

Evaluate Total Target Compensation Ranges The next step for an organization is to think about the salary and total target compensation ranges themselves.