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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.

From my vantage point, what organizations and the people within them are contending with is not just the amount of change, but the speed of change.

Ensure alignment between business goals and: ;Pay equity audits by closing any gaps that are unsupported by neutral data.; ;Benefits program reviews by staying informed on the needs of a changing workforce and what benefits they value.; ;Recognition program assessments by ensuring transparency and freedom from bias with regularly reviewed criteria and awards.; ;Learning and development accessibility by recognizing a diversity of learning styles, and supporting diversity of thought, while ensuring resource availability for all employees.; 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 Experience; ;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.

CURRENT LANDSCAPE OF AI IN TOTAL REWARDS AI in HR encompasses a wide spectrum of tools, each at different stages of maturity.

Courtney McMillian, who oversaw Twitter's employee benefits programs as its head of total rewards before she was laid off in January, filed the proposed class action in San Francisco federal court.

Foundation Leadership CHAIR Betsy Larson HR and Total Rewards Leader SPHR, SHRM-SCP, CCP® Betsy Larson is a proven Human Resources and Total Rewards leader with over 25 years of compensation and total rewards industry experience in higher education (both private and public universities), Fortune 500 manufacturing, Fortune 100 healthcare, and Fortune 100 financial services.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;WorldatWork KPIs and Business Formulas , tool;Benefit Document Builder , tool;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;Studies: Benefits Offerings Grow to Strengthen Employee Engagement , Journal of Total Rewards article; Cultivating the right mix of employee benefits is more important than ever for organizations and their total rewards (TR) professionals, particularly with research indicating personalization and choice are impactful in attracting and retaining top talent.

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; ;Employee Compensation;Employee Recognition; ;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.

If you’re addressing your organization's single largest expense — employee pay programs — then those pictures become charts, graphs and other visual aids that illustrate the presentation points.

The Journal of Total Rewards Fourth Quarter 2022 | Volume 31 | No. 4 A closer look at Gig Economy and its many facets.