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For WorldatWork Members The Great Benefits Reset: Value, ROI Lead Strategic Influences Ahead , Workspan Magazine article;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;Benefits Pulse: A Guide to Listening, Learning, and Leveling Up , tool;Total Rewards Inventory of Programs & Practices , research; For Everyone What Makes Some Countries Leaders When It Comes to Workforce Benefits?

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: ;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.

How AI Is Reshaping Jobs, the Workforce , Workspan Magazine article; ;How AI is Changing Total Rewards Functions and Roles , Workspan Magazine article; ;Disrupting Total Rewards: Where AI meets Pay Information Disclosure , Journal of Total Rewards article; ;How Human Workers and AI Can Become Valuable Colleagues , Workspan Daily Plus+ article; ;AI Tools May Pave the Path to Greater Objectivity in Skills-Based Pay , Workspan Daily Plus+ article; ;HR & Total Rewards AIntelligence Lab , tool; Artificial intelligence (AI) has been a resourceful tool for HR professionals, from sorting and ranking a large volume of applications to recommending performance ratings, merit increases and more.

They also ensure that compensation plans are clear and well-understood by sellers: 70% formally assess plans for seller comprehension, and leaders are 15% more likely to effectively execute these programs.

ITMs help pull back the curtain on what types of internal roles, projects and mentoring arrangements are available, which can make employees less likely to leave due to lack of career development opportunities.

For WorldatWork Members Childcare Benefits: Addressing Cost and Accessibility , Workspan Magazine article;Torn Between Work and Care , Workspan Magazine article;Family Time: Giving New Parents a Hand , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; “There are only four types of people in the world: those who have been caregivers, those who currently are caregivers, those who will be caregivers and those who will need caregivers.” — Rosalyn Carter According to a 2024 survey by financial analytics and information firm S&P Global, 48 million Americans are caregivers to an adult family member or friend, with a majority (61%) also holding down jobs.

“But there have been other changes, such as rollover rules and the types of PTO programs being offered.”

In 2023, the figure was 3.7%, showing a 9.1 percentage increase.; 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; ;Employee Experience; ;Equitable and Diverse Workplaces; ;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.

With that economic environment as a backdrop, how can total rewards professionals offer resources to help employees who may be struggling with debt?