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https://worldatwork.org/resources/publications/workspan-daily/pay-transparency-how-to-move-from-what-s-required-to-what-s-desired Summary Pay transparency was top of mind for attendees to the Total Rewards '23 Conference in June in San Diego.

“Maximize total returns to constituents.”

As reported by CNBC , Disney began its second round of layoffs on Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed.

For WorldatWork Members ;How to Leverage Skills Testing for Total Rewards Success , Workspan Daily Plus+ article; ;A Step-by-Step Guide to One Skills-Based Org Lever TR Can Pull , Workspan Daily Plus+ article; ;AI and the Skills Evolution: Where the Total Rewards Function Fits In , Workspan Daily Plus+ article; ;How to Incorporate Skills into Rewards and Recognition , Workspan Daily Plus+ article; ;Compensation Philosophy Guide , tool; Workplace advancements have long been fueled by new processes, technologies and methodologies that require the development of new skills.

These will include a Total Rewards Essentials course, Total Rewards Leader Certification and Total Rewards Executive Network.

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; As federal employee terminations continue in the United States, the labor market will be laden with talented individuals seeking work in the private sector.

;Total rewards can play a big role.

For WorldatWork Members ;The Trust Equation: Building Trust Through Total Rewards , Workspan Daily Plus+ article; ;Take These Three Steps to Mitigate Employee Distrust , Workspan Daily Plus+ article; ;AI Copilots: Improving the HR Experience for Employees , Journal of Total Rewards article; ;How AI is Changing Total Rewards Functions and Roles , Workspan Magazine article; ;Takeover or Transformation?

For WorldatWork Members ;Total Rewards Inventory of Programs & Practices , research;Unlocking the Value of HSAs: Trends, Truths and What's Next , webinar; ;Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article; ;Workplace Wellness: Best Practices Study , Journal of Total Rewards article; ;Wellness Woes: Why Aren’t Employees Using Your 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.