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

“To prepare for those talks, employers need to be ready to share how factors like budget and performance can impact an employee’s pay, as well as how their benefits and other perks contribute to their total compensation.

The right consultant can assist you in establishing performance-based pay policies, as well as helping you to characterize your strategy as a total rewards approach.

For total rewards (TR) professionals, there are various factors to evaluate before reducing or ending initiatives focused on equitable and diverse workplaces.

Total claims paid divided by total premiums paid.

Member Tools WorldatWork Member Tools are designed to help you tackle the most critical and common Total Rewards and compensation challenges.

Member Tools WorldatWork Member Tools are designed to help you tackle the most critical and common Total Rewards and compensation challenges.

Pay Equity Planning Guide Save In the era of pay transparency, Total Rewards teams are challenged with how to plan for pay equity, including issues like explaining the fairness of pay decisions, coaching leaders on how to talk about the organization's commitment, and reporting to boards about their process methodology.

For WorldatWork Members 20 Tips for Designing Inclusive Family Care Benefits , Workspan Daily Plus+ article;Addressing the Healthcare Gender Gap , Workspan Magazine article;Taking Progressive Steps in Gender-Inclusive Benefits , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; For Everyone How Employers Can Address Women’s Growing Job Dissatisfaction , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Employers Can Move Needle on Persistent Physical Health Disparities , Workspan Daily article;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; According to the World Health Organization, around 1 in 6 people globally experience infertility —making fertility benefits a highly impactful addition to an employer’s total rewards package.