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;In total, nearly 95% of organizations reported using either a market-based or traditional compensation structure in this year’s survey.;13% more respondents said they use a single salary structure in this year’s survey versus 2019.;54% of organizations reported having multiple compensation structures, down slightly from the previous survey’s 59%.; “Understanding the ever-evolving landscape of salary structures is crucial for organizations in today’s dynamic market conditions,” said Liz Supinski, director of research and insights at WorldatWork.

In the area of total rewards, improvements may come in the form of: More targeted, personalized benefits;Compensation adjustments at the individual, role, team or holistic level;An increased focus on work-life balance and well-being;Professional development opportunities that better meet worker expectations and organizational needs;Effective, frequent and sufficient recognition (both formal and informal).; The act of collecting employee feedback alone can improve morale, benefiting the workplace culture, but taking some additional steps may help to maximize survey outcomes for the organization, the HR and total rewards team, and the workforce.

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; ;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.

Instead, performance in these plans is typically reflected through financial metrics such as total shareholder return (70% of companies) and profit (57% of companies).

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 Compensation; ;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.

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]?”

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; ;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.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;WorldatWork KPIs and Business Formulas , tool;Benefit Document Builder , tool;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;Studies: Benefits Offerings Grow to Strengthen Employee Engagement , Journal of Total Rewards article; Cultivating the right mix of employee benefits is more important than ever for organizations and their total rewards (TR) professionals, particularly with research indicating personalization and choice are impactful in attracting and retaining top talent.

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;

For WorldatWork Members Retirement Booster , Workspan Magazine article;Helping Employees Secure Their Retirement Future , Journal of Total Rewards article;Retirement Plans — Design Considerations & Administration , course; One of the more uncomfortable situations an HR or total rewards (TR) professional can encounter is asking an older employee when they plan to retire.