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“Like many other companies, we introduced many smaller benefits to help [employees] with child care and elder care, to take additional paid intermittent leave and to allow flexibility to work from anywhere in the country, all of which helped to ease the stress that our employees were feeling,” said Ivor Solomon, head of total rewards at Genentech.

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; ;Organizational Performance; ;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.

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: ;Organizational Performance; ;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.

The Potential ROI for Covering GLP-1s , Workspan Daily Plus+ article; ;If Workers Feel Squeezed, Reinforce the Sum Total of Your Rewards , Workspan Daily Plus+ article; ;Benefits Pulse: A Guide to Listening, Learning, and Leveling Up , tool; For Everyone ;Business Group on Health Predicts 9% Higher Healthcare Costs in 2026 , Workspan Daily article; ;A Prescription for Rising Drug Costs , Workspan Daily article; ;Healthcare Cost Projections Necessitate TR Strategy Updates , Workspan Daily article; Total health benefit cost per employee is expected to rise 6.5% on average in 2026, the highest increase since 2010, according to preliminary results of Mercer’s 2025 National Survey of Employer-Sponsored Health Plans .

tool; For Everyone The HR Horizon: Total Rewards Takeaways from the Recent U.S.

See Issue Journal of Total Rewards Q1 2024 Artificial intelligence (AI) and its role in enhancing and improving total rewards is our focus in this issue of The Journal of Total Rewards.

This figure drops to 3% when using total cash compensation, which includes short-term incentives such as bonuses for achieving immediate goals like sales targets, and to 2% when using total direct compensation, which includes long-term incentives like stock-based rewards.

The industry projections for mean total increase budgets follow a similar pattern except for banking/financial services, which is projecting a merit increase budget lower than the national average, at 3.1%, but a higher-than-average total increase budget, at 3.7%

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).

These thought-provoking sessions help HR and Total Rewards professionals stay on top of emerging trends and innovations.