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Learn: Health and Welfare Plans: Strategic Planning and Design Consumers with both types of plans were more likely to make cost-conscious decisions, such as comparing service costs at different facilities before receiving care, in 2023 compared to the year before.

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., where marijuana consumption is still illegal at the federal level, more than 70% of those using illicit drugs are employed.

“But it’s not a one-size-fits-all model,” he said, adding that when reimagining total rewards, the most successful organizations are generally those that lead with listening and conduct employee sensing to understand what their people care most about.

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; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Compensation Tech Demo Day Virtual (Live) February 10, 2026 02:00 PM Eastern Facebook Twitter LinkedIn WorldatWork Demo Days are a unique and powerful platform for Total Rewards, compensation, benefits and HR professionals actively seeking innovative technologies, platforms and services designed to connect with solution providers to meet the evolving demands of the field.

Total Rewards Statements Total reward statements (TRS) are a way of showing employees the value of other elements of their rewards package, such as pensions, medical insurance, annual leave and company shares, alongside pay.

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 ; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.

The stakes for getting compensation wrong are staggering - labor costs (Compensation & Rewards) can account for as much as 70% of total business costs.

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