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“[M]ore health care and pharmaceutical organizations have generous well-being budgets as compared to other industries: 40% of health care and pharma companies invested more than 1,000 [rupees] per employee per year, followed by banking, financial services and insurance (28%), software and IT organizations (27%), and engineering (25%),” stated the survey.

Hadley recommends including financial education, coaching, budgeting tools, emergency savings accounts, caregiver support, (non-student) debt management and more.

Here, however, the relevant executive order directs agencies to plan reorganizations and reductions in force ‘consistent with applicable law,’ and the resulting joint memorandum from the Office of Management and Budget and Office of Personnel Management reiterates as much.

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Labor costs are the largest portion of the operating budget in most organizations—which means Total Rewards professionals influence bottom line results in an important way.

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The respondents were asked to indicate their gender (male or female), their age (15-20, 21-30, 31-40, 41-50, 51-60, 61+), and their race (Asian, Black, Hispanic, White or Other).