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Just ahead of the start of open enrollment season for many organizations, Aon’s recent 2024 Global Benefits Study of nearly 300 benefits professionals found that most (73%) say improving communication and boosting employee perception of benefits are indeed top priorities.What’s more, organizations increasingly see benefits as a way to differentiate themselves in the market in even broader terms.

What to Consider Since today’s workforce expects TR to reflect a modern value exchange, transparency is important, said Jess Von Bonk, a global HR transformation and technology advisory leader at Mercer.

The Time Is Ripe to Put Effort Here As contractors become an increasingly integral part of the modern workforce (the independent workforce in the U.S is estimated to range from 11.9 million to 65 million workers), you likely need to put time and effort here to ensure effective, compliant management.

For WorldatWork Members 20 Tips for Designing Inclusive Family Care Benefits , Workspan Daily Plus+ article;Addressing the Healthcare Gender Gap , Workspan Magazine article;Taking Progressive Steps in Gender-Inclusive Benefits , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; For Everyone How Employers Can Address Women’s Growing Job Dissatisfaction , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Employers Can Move Needle on Persistent Physical Health Disparities , Workspan Daily article;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; According to the World Health Organization, around 1 in 6 people globally experience infertility —making fertility benefits a highly impactful addition to an employer’s total rewards package.

Workspan Daily article;Report: HSAs May Encourage More Efficient Health Spending , Workspan Daily article;Employers: Urge Workers to Consider HSAs as a Retirement Tool , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Benefit Checkup: What’s the Current Health and Utilization of HDHPs?

“It’s about making sure the provisions in the plans are modern enough to protect the risks of today, not the risks of 10 years ago.”

If these forecasts hold to be true, 2026 will be remembered as the year when: ;The industry moved from curiosity to commitment;; ;In-plan retirement income became a reality, not just a possibility; and,; ;The idea of lifetime income was integrated into the fundamental design of modern DC plans.; 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; ;Total Rewards; ;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.

Employer plans here link to their well-being and DEI strategies, of course, but the focus is also to place newer, innovative solutions in these areas to modernize their portfolio.; Workspan : Companies are clearly prioritizing healthcare ROI.

Still, almost as many employers set remote-worker pay based on the city where the employee resides, while other determinants include the worker’s state of residence, assigned office, closest office or region of residence.

.; In the modern workplace, compensation and performance management go hand in hand.