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This focus will have ongoing implications for organizations’ total rewards and workforce strategies.

LEARN: Strategic Communication in Total Rewards Reinventing the Benefits Experience Upon arriving at Ipsen, Leo and her two compensation and benefits team members spent much time replying to employee questions about where and how to find contact information for benefits vendors, as well as the types of benefits offered.

;Total compensation statement.

Read more about Land O’Lakes’ flex work strategy and results in our companion article: How Land O’Lakes Challenged Work Norms in Manufacturing; Changing practices like these have big implications for HR and total rewards leaders seeking to prioritize effective solutions amid a blue-collar labor market that’s experiencing dramatic challenges — including ongoing talent shortages and job-satisfaction malaise.

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Tailor Your Rewards While benefits such as work-life balance and flexibility are generally important to employees regardless of age, it may also behoove total rewards professionals to explore rewards offerings specifically tailored toward the needs of younger generations, Spencer said. “ Student debt support might disproportionately benefit millennials and Gen Z, but it could be a worthwhile investment for employers, given that 41% of survey respondents indicated that student loan debt has or will prevent them from pursuing their passions,” Spencer said.

.; 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; ;Organizational Performance; ;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.