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It is especially useful to those responsible for compensation benchmarking and developing compensation programs and those overseeing initiatives in Total Rewards, remuneration, compensation and benefits.

Employers also reported they would remain committed to prioritizing skill and talent development (34%), market competitiveness (31%) and compensation adjustments (24%).

.; In terms of development outlets: ;56% prefer on-the-job learning or employer-provided training.; ;32% would opt for an online certification program.; ;Only 16% would pursue a traditional, brand-new academic degree.; 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: ;Career Growth; ;Employee Benefits; ;Employee Experience; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

But just as important is investing in your employees and developing strategies to retain and maximize the talents of your team.

As part of the new initiative, “more than 300 state government jobs currently are open to applicants without a bachelor’s degree who are active in the labor force, have a high school diploma or equivalent, and have developed skills through community college, apprenticeships, military service, boot camps or previous job experience.”

“This is one of the most significant SEC developments in the executive compensation arena in the last decade,” executive compensation consulting firm FW Cook wrote in a blog .

Such benefits include: Resources on budgeting and debt management;Benefits supporting student loan repayment;Mapping tools and other resources on retirement contributions and growth;Education on the workings of health insurance programs and health savings accounts (HSAs);Resources or benefit programs for emergency savings;Opportunities to develop new job skills, and education on how bolstering skills can provide career advancements; “Employers that can help employees understand how to make use of their workplace benefits across health, like HSAs, and wealth, like retirement, during this uncertain economic and inflationary environment can have a competitive edge in attracting and retaining top talent,” Sette said.

A younger employee may accept a lower salary for more professional development opportunities.

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; For Everyone Utilizing Data to Personalize Total Rewards , Workspan Daily article;Incorporate AI to Personalize Financial Well-Being Benefits , Workspan Daily article;With a Multigenerational Workforce, Personalized Rewards Are Key , Workspan Daily article;Employees Seek More Personalized Total Rewards Packages , Workspan Daily article;Reimagining Total Rewards – A Personalized and Dynamic Experience , on-demand webinar; While personalization has become something of a buzzword in the total rewards sphere in recent years, the concept often is assigned to the