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Today, for example, this curious mix is evident at Uber, where a portion of driver total pay is equal and based on WRCs (Gatewood et al. 2016).

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Tailor Your Rewards While benefits such as work-life balance and flexibility are generally important to employees regardless of age, it may also behoove total rewards professionals to explore rewards offerings specifically tailored toward the needs of younger generations, Spencer said. “ Student debt support might disproportionately benefit millennials and Gen Z, but it could be a worthwhile investment for employers, given that 41% of survey respondents indicated that student loan debt has or will prevent them from pursuing their passions,” Spencer said.

Total Payroll Cost to Revenue Ratio = (Total Payroll Costs / Total Revenue) * 100 Variable Pay to Total Compensation Ratio Assesses the proportion of variable pay (bonuses, commissions, etc.) in relation to total compensation expenses.

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: Total Rewards ;Organizational Performance ;Career Growth;