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Learn more about her team’s strategies at WorldatWork’s Total Rewards ’24 conference , May 20-22.

For WorldatWork members 2024-2025 Salary Budget Survey , research;Total Rewards Inventory of Programs & Practices , research;Salary Data Center , tool;Total Compensation Statement Builder , tool;Thinking Beyond Base Pay , Workspan Magazine article; For Everyone Pay Isn’t Enough — Benefits Are Key to Engage, Retain Workers , Workspan Daily article;Survey Data, Partnerships Enable Effective Salary Budget Plans , Workspan Daily article;More Employee Compensation content; While pay continues to be a leading factor in attracting top talent, some employees indicate other factors — such as a business’ brand and reputation or organizational culture — may weigh more heavily than compensation in their decision to work for a company.

;Suggestion: Use a task force of stakeholders from sales management, sales operations and finance to develop a set of design policies that — based on job content — specifies design practices regarding plan eligibility, target compensation levels, pay mix, leverage (upside), number and types of performance measures, and performance and payout periods.

Workspan Daily Plus+ article; ;Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article; Artificial intelligence (AI) is making its mark on the employee benefits scene, helping total rewards (TR) professionals individualize offerings, increase employee understanding and improve benefits management efficiency.

Next Steps So, how should total rewards professionals proceed, given all the changes?

Research The Total Rewards Research Experts Empower your HR decisions with our data-driven Total Rewards research.

Furthermore, Sequoia Consulting Group’s “2021 Employee Experience Benchmarking” report found that 70% of companies have rolled out new DEI programming over the last year to create a more inclusive culture, and 96% of companies plan to expand their talent outreach strategies to build a more equitable workplace.

For WorldatWork Members Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article;Navigating Living Wages in Total Rewards , Workspan Magazine article;Five Emerging Workplace Trends Affecting the Employee Experience , Journal of Total Rewards article; For Everyone As Interest in GLP-1 Drugs Spikes, Employers Weigh the Costs, Benefits , Workspan Daily article ;Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article ;Employers Look to Balance Rising Health Costs, Benefit Upgrades in ’25 , Workspan Daily article ;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article ; Healthcare costs in the coming year are expected to rise in varying degrees for employer-provided coverage plans, according to three reports recently published by WTW, Segal and Mercer .

Legal challenges to these types of employment arrangements in recent years also bring into question whether this type of model is truly sustainable (Drake 2020) as some states and countries have started to crack down on whether it is permissible to keep considering these workers to not truly be employees.

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.