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.; Additionally, pay inequity plays into the retirement gap, said Dena Faccio, the senior vice president of total rewards, employee relations and HR business partner-workplace solutions at investment company Voya Financial.

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.

For WorldatWork Members Data Innovation in the Era of AI , Workspan Magazine article;TR Is Key to Successfully Integrating AI and Work , Journal of Total Rewards article;AI and the Skills Evolution: Where the Total Rewards Function Fits In , Workspan Daily Plus+ article;How to Identify Root Causes of Gender Pay Inequity , Workspan Daily Plus+ article; The concept of paying for skills , rather than by job title, is growing in popularity, but the question of how to ensure equity and consistency in those pay structures often makes implementing them prohibitive.

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;Employee Experience;Total Rewards;

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;

For WorldatWork Members How TR Pros Can Take a Social Media Approach to Benefits Communication , Workspan Daily Plus+ article;Be Intentional: Communicating Your Employee Value Proposition , Workspan Daily Plus+ article;The Trust Equation: Building Trust Through Total Rewards , Workspan Daily Plus+ article;Easy AI Tips to Improve Benefits Communications , Workspan Daily Plus+ article;How AI Can Improve Employee Communication , Journal of Total Rewards article;Boost Equity Offerings with Clear Communication , Journal of Total Rewards article; Employees are often bombarded with messages all day — from email to internal messaging tools to texts — increasing the risk that important messages are overlooked or put to the side and forgotten.