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Applying Career Development to Total Rewards A total rewards strategy that funds and emphasizes career development programs may allow employers to improve engagement because they are likely seen as meaningful by employees.

It examines such issues as which organizations are taking action on pay equity, how frequently organizations conduct pay equity analyses, the barriers and motivators of pay equity work, what types of compensation are included in pay equity analysis, how organizations share the results of pay equity analyses and more.

The same report saw the number of other types of gig workers collecting unemployment cresting between 13% and 15% at the peak of the pandemic.

So, the question now becomes, what types of programs can an organization create as part of its total rewards package that will enable employees to develop those types of skills?

The Journal of Total Rewards First Quarter 2021 | Volume 30 | No. 1 Inclusion, mental health, societal inequalities and Whole-Person Workplace Values are examined in this issue of the Journal of Total Rewards.

Total rewards can represent up to 70% of an organization’s budget — and as the stewards of that investment, it makes perfect sense that HR and TR leaders would need a finance mindset, said Marta Turba, the vice president of content strategy at WorldatWork.

Data suggests that the mere existence of unions can drive up wages and total compensation, resulting in what economists call a “union wage premium.”

Nudgetech and Total Rewards Total rewards professionals invest heavily in benefits, recognition and well-being programs, yet employee participation and adoption of these offerings often fall short, Steckler said.

For WorldatWork Members The Future of the Rewards Profession: Let the Sleeping Beauty Rise , Journal of Total Rewards article;The Future of Work and Rewards , research; For Everyone Essentials of Compensation Management , course;Creating Impact Through Total Rewards , course;Certified Compensation Professional , certification;A New Era in Total Rewards: Key Components of a Mature Strategy , on-demand webinar;Total Rewards ’25 , conference; If you were suddenly tasked with building a winning team of total rewards (TR) professionals from scratch, what skills would you consider the most important, timely and relevant for them to possess?

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