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.; “If companies conduct an analysis only on base pay, they could be leaving out important elements of total compensation,” said Emily Cervino, CEP, head of industry relationships and thought leadership at Fidelity Stock Plan Services.

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This synergized strategy constitutes a Total Rewards Empowerment approach of fostering a deeper employee understanding of organizations’ total rewards, contributing to better employee decisions and enhanced total rewards ROIs.

Presenters at Total Rewards’23 cautioned that organizations that aren’t fully transparent about how and why they pay employees will quickly fall behind in the war for talent.

This was a main finding from WorldatWork’s “Inventory of Total Rewards Programs and Practices in 2022” survey in partnership with uFlexReward, which found the highest level of bonus activity since the survey began in 2015.

Firms with more than 100 million kroner ($9.4 million) in total operating and financial income will be covered initially, a threshold that will drop to include those with income in excess of 50 million kroner.

For WorldatWork Members Data Innovation in the Era of AI , Workspan Magazine article;TR Is Key to Successfully Integrating AI and Work , Journal of Total Rewards article;AI and the Skills Evolution: Where the Total Rewards Function Fits In , Workspan Daily Plus+ article;How to Identify Root Causes of Gender Pay Inequity , Workspan Daily Plus+ article; Artificial intelligence (AI) can be an excellent tool for total rewards (TR) professionals, as it can process large amounts of data within seconds and provide recommendations for compensation-related decisions.

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 Compensation; ;Finance and Budgeting; ;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.

For WorldatWork Members Anatomy of a Wellness Program: Ensuring Regulatory Compliance , Workspan Daily Plus+ article;How to Calculate the ROI on Your Wellness Program , Journal of Total Rewards article;Workplace Wellness: Best Practices Study , Journal of Total Rewards article;Workplace Well-Being Trends , research; For Everyone Wealth Through Health: The Benefits of a Stronger Well-Being Program , Workspan Daily article;Mercer: Health Benefit Cost Jump Will Hit 15-Year High in 2026 , Workspan Daily article;Employee Well-Being Is Faltering: What’s the Cause?

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; ;Organizational Performance; ;People Analytics; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.