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The cost of caring for individuals with diabetes is 2.3 times higher than non-diabetics, and over 20% of total U.S. healthcare spend is attributed to people with diagnosed diabetes.

This was among the main findings in WorldatWork’s “ 2021 Total Rewards Inventory Programs & Practices ” survey, which found that market-based adjustments (not COLA) are rising to pre-pandemic levels and, similarly, hazard/call-in pay are beginning to level back down.

How and why is this happening, and what can total rewards professionals do to rectify inequities?

For WorldatWork Members ;Skills-Based Mentoring: An Efficient Way to Build Skills , Workspan Daily Plus+ article; ;How Apprenticeships Can Help Organizations Gain Skilled Workers , Workspan Daily Plus+ article; ;A Step-by-Step Guide to One Skills-Based Org Lever TR Can Pull , Workspan Daily Plus+ article; ;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+ article; There is a strong focus today on skills-based compensation, which is used to attract, reward and advance employees who have attained specific skills and continue to build on them.

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.

However, some caution is necessary here since it is not known whether basic pay or bonuses gave rise to this type of outcome or what type of performance (individual, team or companywide) produced the outcomes described.

The percentage of companies receiving strong support (defined as greater than 90%) has declined (70% of Russell 3000), though moderate support remains the norm (86% received greater than 70% support).

For WorldatWork Members Don’t Underestimate the Power of Non-Financial Rewards , Workspan Daily Plus+ article;How Qualitative and Quantitative Data Can Influence Benefits Design , Workspan Daily Plus+ article;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;Total Rewards Inventory of Programs & Practices , research;Benefit Document Builder , tool; For Everyone Where Does the Power Lie in the Employer-Employee Relationship?

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: Equitable and Diverse Workplaces;Employee Benefits;Total Rewards;

For WorldatWork Members ;Childcare Benefits: Addressing Cost and Accessibility , Workspan Magazine article; ;Torn Between Work and Care , Workspan Magazine article; ;Family Time: Giving New Parents a Hand , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; For Everyone ;As COVID Subsidies End, Employers Should Consider Childcare Benefits , Workspan Daily article; ;Multigenerational Workforce Sharpens Employer Focus on Care Benefits , Workspan Daily article; ;Beyond Parental Leave: Ways to Support Moms Returning to Work , Workspan Daily article; ;Stemming the ‘She-cession’ with Lifestyle Benefits , Workspan Daily article; Childcare — or the lack of it — is increasingly becoming a factor that prohibits some parents from joining or staying at an organization.