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“We also know that organizations are taking a broad approach to funding their increase in total compensation spend,” Jennings said, noting that 43% of survey respondents indicated they will fund through total rewards optimization, pointing to an approach that considers other factors beyond pay, such as well-being and benefits.

Bryan Briscoe Vice President, Rewards and HR Operations at TK Elevator Bryan is data nerd who leads Total Rewards, HRIS, and HR Operations for TKE North America.

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

Salary Data Center Save Whether you need the most reliable HR-reported source of up-to-date salary benchmarking data or want to look at total compensation for your top executives against multiple peer groups, WorldatWork members can get started for free with these free tools.

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

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: ;Executive 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.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;5 Health Benefits Trends Come into Focus for 2024 , Workspan Magazine article;Navigating Employees’ Serious Medical Needs , on-demand webinar;Total Rewards Inventory Checklist , tool; For Everyone Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article;Employers Look to Balance Rising Health Costs, Benefit Upgrades in 2025 , Workspan Daily article;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article;Employers Grapple with the Rising Costs and Popularity of Specialty Weight-Loss Drugs , Workspan Daily article; With the glucagon-like peptide-1 (or GLP-1)class of drugs now approved by the U.S.

For WorldatWork Members ;Supporting Employee Caregivers: A Resource Guide , Workspan Daily Plus+ article; ;20 Tips for Designing Inclusive Family Care Benefits , Workspan Daily Plus+ article; ;FMLA Advisor , tool; ;Total Rewards Leader 2025 Priorities , research; For Everyone ;Mandatory Family Leave Is Growing in the U.S. , Workspan Daily article; ;How Employee Leave Policies Can Support Women’s Health , Workspan Daily article; ;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; ;Who’s Caring for the Caregivers?

Microsoft announced the layoffs on the same day that Amazon resumed a monthslong wave of cuts that will ultimately slash a total of 18,000 workers.

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; NEW!