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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 Benefits; ;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.

For WorldatWork Members Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Inventory Checklist , tool;Five Emerging Workplace Trends Affecting the Employee Experience , Journal of Total Rewards article; The decision to cover glucagon-like peptide-1 (GLP-1) drugs, such as Ozempic and Wegovy, on a group health plan is a complex one.

For WorldatWork Members Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Total Rewards Inventory Checklist , tool;Total Rewards Inventory of Programs & Practices , research; More than half of workers end up regretting their open enrollment decisions, according to a recent survey from financial services firm Equitable, leading to dissatisfaction, health and financial challenges, reduced productivity, and a weakened employee value proposition .

For WorldatWork Members Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Total Rewards Inventory Checklist , tool;Total Rewards Inventory of Programs & Practices , research; Various surveys have reported for years that many employees regret their group health plan open enrollment (OE) choices, either because they incorrectly selected for what the year ahead would bring, didn’t understand what they were electing or forgot to elect entirely.

“The beauty of a dashboard is that it’s simplified, easy to digest and should be able to be interpreted on its own,” Shebel 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 Benefits; ;Finance and Budgeting; ;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.

“Employers reported their total 2022 base pay increase budgets at 3.8%, but our data showed a 6.7% increase in base pay for hourly employees staying in the same job at the same organization from 2021 to 2022.

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

However, the total number of participants in such plans grew from 8.0 million in 1980 to 10.8 million in 2019.

For WorldatWork Members Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Inventory Checklist , tool;Five Emerging Workplace Trends Affecting the Employee Experience , Journal of Total Rewards article; As the use of glucagon-like peptide-1 (GLP-1) drugs for weight loss grows, so does demand … and out-of-pocket cost … and the cost to employers covering the medications.