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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.

For WorldatWork Members Guidance on How to Avoid Common FLSA Classification Errors , Workspan Daily Plus+ article;Total Rewards for New Ways of Working , Journal of Total Rewards article;The Pros and Cons of Recruiting Gig Workers , Journal of Total Rewards article;Harnessing Social Capital in a Gig Economy , Journal of Total Rewards article;Recognition: It’s Not for Everyone , Journal of Total Rewards article; Employers utilize independent contractors (ICs) to support specific projects and address short-term, specialized labor needs, thereby reducing overall employee compensation and benefits costs.

For WorldatWork Members 2025 Priorities of Total Rewards Leaders , research;How Total Rewards Can Solve Loyalty Issues Among Younger Workers , Workspan Daily Plus+ article;Leveraging Incentives for Future Work Challenges: Exploring the Employee Perspective , Journal of Total Rewards article;Develop Personalized and Inclusive Recognition Programs for Your Hybrid Workplace , Workspan Magazine article; You know that hyper-personalized, “modular” compensation isn’t right for every organization, but you’ve shored up your comp philosophy, surveyed your employees and evaluated your workforce data — and you’ve determined your business would benefit from this framework.

Workspan Daily Plus+ article;Best Practices for Supporting the Parental Leave Transition , Journal of Total Rewards article; For Everyone How Employee Leave Policies Can Support Women’s Health , Workspan Daily article;Beyond Parental Leave: Ways to Support Moms Returning to Work , Workspan Daily article;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; Managing any leave request in the U.S. that is applicable to the Family and Medical Leave Act (FMLA) presents its share of challenges.

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: ;Organizational Performance; ;Sales 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.

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.

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; ;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.