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This shift makes skills the basis for hiring, employee development, advancement and compensation.

;Provide personal and career development opportunities.

The expanded menu can include things like: Financial benefits ( retirement plans , additional life insurance, financial planning services, student loan repayment assistance);Health and wellness options (additional health insurance coverage, gym memberships , mental health support, wellness programs );Lifestyle benefits ( caregiving subsidies , pet insurance , home office stipends);Professional development offerings ( tuition reimbursement , conference fees, online courses, leadership development , mentorship );Additional PTO.; “Offering even some level of flexibility in your rewards offerings can help employees feel more valued and empowered, which can also help improve recruitment and retention efforts,” Spencer said.

But too often, the job architecture fails to really unlock the possibilities for employee transparency and development that it can be.

The other areas where respondents said they feel “least prepared” included: ;Developing effective compensation and benefits strategies (39%);; ;Managing employee performance and skills (32%); and,; ;Developing strategies that support organizational vision and values (28%).; Those are big topics that will be addressed in my upcoming articles.

Stay informed on benefits benchmark data, trend analysis, legislative developments, and corporate expansion or product development that could impact your portfolio.; ;Talent acquisition goals.

-based full-time workers, spanning executives, managers and individual contributors across HR, learning and development, and business teams.

The TR offering also must fuel engagement and development.

Examples include: ;A finance employee may have a stretch goal to assist a total rewards professional in developing a new healthcare plan to better understand employees’ expectations and the costs of various offerings.; ;A marketing employee’s goal may be to work with the software developers to make a user-friendly interface with the new artificial intelligence (AI) technology being developed for marketing campaigns.; ;Sales representatives working with customer service agents may help to identify customer pain points and how each role can improve satisfaction.; 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; ;Workforce Engagement;Career Growth;

The greatest area of AI usage was salary benchmarking and rewards, said Russ Wakelin, the head of global product development, rewards data intelligence at WTW.