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The Journal of Total Rewards First Quarter 2023 | Volume 32 | No. 1 In this issue: retiree knowledge transfer, Ohio workers’ comp pilot, more ESG metrics in executive comp, long-term care and CalPERS, employee trust for benefits Cover Story Journal of Total Rewards Article Tapping into Retirees to Bolster Knowledge Transfer The knowledge transfer between retirees and their remaining employees offers a unique opportunity to retain knowledge.

“Reducing DEI initiatives can make it harder to attract and retain top talent,” she said.

We hoped organizations had grown to understand just how important total rewards was in attracting and retaining talent.

Advocates say such status also helps firms attract and retain employees and increases customer loyalty.

;Senior executive teams will be more accountable for reporting on what they are doing to hire, develop and retain the top talent needed for the future throughout the organization, which will likely result in developing new approaches for broad-based rewards (and possibly broader use of company equity, along with profit redistribution).

“We continue to invest in our teammates and their priorities through competitive pay; industry-leading benefits and resources for physical, emotional and financial well-being; long-term career development tools and programs; and in our diversity, equity and inclusion efforts across the company, so that we continue to attract and retain the best talent.”

Respond to talent shortages by reviewing your reskilling and upskilling programs to ensure they help you retain and develop the talent you need.

Most companies report maintaining current LTI participation in 2023 as they balance the need to prudently manage share spend against the need to continually attract, retain and engage talent.

Virgin Pulse’s “ 2023 Global Workplace Wellbeing Survey ” sheds light on employer priorities for 2024, and found that companies are expanding their commitment to well-being initiatives with new strategies to attract and retain talent.

As a result, Gender Equality Leaders are better able to retain female employees.