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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 Compensation; ;Finance and Budgeting; ;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: ;Employee Compensation; ;Total Rewards;

INDIA A Total Rewards Transformation Takes Shape India’s employers plan to rethink total rewards strategies in the next three years, as emerging trends in AI and employee expectations change traditional practices.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;Mitigating Employee Burnout by Prioritizing Mental Wellness , on-demand webinar;Strategic Benefits Management: What We Think, What We Know and What We Need to Know , Journal of Total Rewards article; For Everyone Nontraditional Benefits May Address Attraction, Retention Needs , Workspan Daily article;What’s the State of Pet Insurance Right ‘Meow’?

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;Compensation Structure Policies and Practices , research;Total Rewards Inventory Checklist , tool; As a total rewards professional, your role in supporting employees who are veterans and reservists is crucial.

But, the total pay increase budget, projected at 4% for 2023, is still less than half of the inflation rate (8.3% for the 12 months ended August 2022).

In WorldatWork’s 2024 Total Rewards Inventory of Programs & Practices , 69% of the nearly 1,000 responding organizations reported offering paid time off for employees to vote, and 33% reported offering unpaid time off to vote.

For example, do current job offer letters, employment agreements or total rewards statements note that “employees are paid monthly ” or “your weekly compensation will be [amount]” or “your total earnings distributed biweekly over 26 pay periods were [sum]?”

For WorldatWork Members Helping Employees Secure Their Retirement Future , Journal of Total Rewards article;Retirement Booster , Workspan Magazine article;Revisiting Retirement Benefits , Workspan Magazine article;Your Retirement Plan May Be Fostering Inequity: Here’s How to Fix It , Workspan Magazine article; The fact that most Americans are so unprepared for retirement that they fear it more than death , according to recent LiveCareer research, is a problem for employers — one that total rewards professionals can help solve.

Meaningful Total Rewards Strategy As illustrated in the HPEX framework, part of providing a positive employee experience involves having a thoughtful total rewards strategy.