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Workspan Daily Plus+ article;From Jobs to Skills to Outcomes: Leading the Evolution in Total Rewards , Workspan Magazine article;Guided Checklist for Analytic Thinking & Data-Driven Action in Total Rewards , tool; Rather than purely total rewards, talent acquisition, or learning and development, more business professionals from non-HR backgrounds — including finance, operations, sustainability, risk, legal, communications and more — are making the leap to the function’s ultimate position: chief HR officer (CHRO).

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 Experience ;Total Rewards ;

The accelerated vesting of equity awards is typically the most valuable benefit to an executive — comprising ~60% to ~70% of the total value of all golden parachute benefits for CEOs and CFOs , according to Alvarez & Marsal’s 2023/2024 Executive Change in Control Report .

Overtime and premium pay annually make up approximately 3% of total workforce compensation, or around 4.2% of salaries and wages, according to the U.S.

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: ;Career Growth; ;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.

In each issue of Workspan , we grab some time with total rewards leaders, industry authorities, consultants and academics to get their insights on current workforce topics that are top-of-mind for them — and you.

For WorldatWork Members 2023 Total Rewards Inventory of Programs & Practices , research;Helping Employees Secure Their Retirement Future , Journal of Total Rewards article;Employer-Sponsored Student-Loan Repayment Benefits , Journal of Total Rewards article;Revisiting Retirement Benefits , Workspan Magazine article; Millions of individuals in the U.S. have incurred student loan debt while attaining a higher-education degree or paying for a dependent to do so.

Employees have made it clear that they want flexibility in how and where they work,” said Alicia Scott-Wears, director of total rewards content at WorldatWork.

Comprehensive total rewards communications and digital and personalized channels to proactively connect and engage employees play a pivotal role in shaping the total rewards experience when it comes to total rewards.

Weaker annual bonuses and LTI awards contributed to a reversal in total compensation trends and weak stock performance accounted for much of the decline in CEO pay in 2022 because CEO compensation was often tied partly to investor returns.