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The fractional model also can transform leadership into a variable cost, aligning it more closely with actual needs and current financial situations, which can be advantageous in a financial climate that favors lean operations.

With hybrid plans being the dominant trend in employee benefits, HR’s role is to understand the different plan models and help employees compare the offerings through educational communications.

The traditional model of ensuring only the physical well-being of employees has been challenged and companies are now looking to provide well-being programs that help “[build] a culture of holistic well-being, including physical, emotional, financial, social, career, community and purpose,” according to Forbes.

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Access a related Workspan Daily article on this subject: Organizations Are on the Skills Bandwagon; How TR Can Drive It; Access bonus Workspan Daily Plus+ content on this subject: A Step-by-Step Guide to One Skills-Based Org Lever TR Can Pull; As more employers focus on skills-based hiring and pay models, total rewards professionals can support those efforts by helping employees curate their career portfolios through skills alignment and diverse growth experiences.

Members were asked to respond for the U.S. and 22 other countries: Australia, Belgium, Brazil, Canada, China, France, GCC Countries, Germany, India, Italy, Japan, Mexico, Netherlands, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, the United Kingdom, the United States and Vietnam.