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Today, total rewards is far broader, extending beyond compensation to include well-being, benefits, development and recognition.

Optimization requires all total rewards elements to move in sync toward a common objective, making integrated total rewards decision making (and a coherent total rewards strategy) mission critical.

Stripping away expert talent through such a non-strategic approach puts all of us at risk in a profound way.”

Keep track of state-level notifications that will flesh out detailed implementation rules for occupational safety and health, social security, working conditions, etc.; 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; ;Employee Experience; ;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.

Election for Total Rewards Professionals , on-demand webinar;Federal Judge Kills OT Final Rule and its Salary Threshold Increases , Workspan Daily article;NLRB Seeks to Prosecute Employers Over ‘Stay-or-Pay’ Provisions , Workspan Daily article; Each Presidential election in the United States brings with it the chance of large-scale change by a new administration.

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: ;Equitable and Diverse Workplaces; ;Employee Benefits; ;Employee Compensation; ;Employee Experience; ;Total Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Fortunately, you can mitigate the Four Horsemen using effective application of total rewards strategies.

Compensation Planning Survey” found that total compensation increases averaged 4.1% and merit increases averaged 3.8%, which were slightly below what U.S. organizations projected in November, but above 2022 compensation increases.

Total Compensation Statement Builder Save Quickly and easily build personalized statements that show your employees the total value of compensation and benefits they receive from your organization.

See All Episodes In This Episode Tune in for a fascinating look at the efforts being undertaken by total rewards professionals.