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In 2023, she founded Vanguard HR Strategy Group which provides Total Rewards consulting and fractional Total Rewards leadership for privately held and publicly traded companies.

Traditional benchmarking cycles often keep pace with steady shifts but struggle when demand surges which leaves total rewards leaders making difficult choices about pay placement, equity, and retention.

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 Experience; ;Employee Recognition; ;Well-Being; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Securities and Exchange Commission, Owen made more than $4.9 million in total compensation in the fiscal year ending May 28, 2022.

Importantly, the rewards at Vincit involve not only monetary but also nonmonetary aspects as part of the total rewards system (Heneman 2007).

For WorldatWork members 2024-2025 Salary Budget Survey , research;Total Rewards Inventory of Programs & Practices , research;Salary Data Center , tool;Total Compensation Statement Builder , tool;Thinking Beyond Base Pay , Workspan Magazine article; For Everyone Pay Isn’t Enough — Benefits Are Key to Engage, Retain Workers , Workspan Daily article;Survey Data, Partnerships Enable Effective Salary Budget Plans , Workspan Daily article;More Employee Compensation content; While pay continues to be a leading factor in attracting top talent, some employees indicate other factors — such as a business’ brand and reputation or organizational culture — may weigh more heavily than compensation in their decision to work for a company.

According to the Alexander Group’s Sales Compensation Hot Topics Survey Report , 61% of surveyed organizations planned to increase headcount this year — the highest rate since 2019 — and raise total compensation cost by 5.3%.

To get the most out of the course, you will need to have working knowledge of the WorldatWork Total Rewards model, the Total Rewards regulatory landscape and base pay systems.

More than 85 companies reported revenue performance, turnover rates and change in compensation costs, including incentive and total compensation increases.

For WorldatWork Members ;How to Reduce Rater Bias in Performance Evaluations , Workspan Daily Plus+ article; ;4 Reasons Performance Ratings Aren’t Vital to the Compensation Cycle , Workspan Magazine article; ;Behavioral Performance Assessment: Turning the Painful into the Productive , Journal of Total Rewards article; ;Incentives and Recognition: An Evidence Review , Journal of Total Rewards article; ;Performance Review Builder , tool; For Everyone ;How to Mitigate Bias in the Performance Review Process, Workspan Daily article; ;Tips for Adjusting Compensation During Performance Reviews , Workspan Daily article; ;Improve Performance Management with Frequent Communication and Transparency , Workspan Daily article; ;Speak Candidly and Stick to Objectives During Performance Reviews , Workspan Daily article; Are performance review systems broken?