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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: Workforce Engagement ;Employee Experience ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

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: Equitable and Diverse Workplaces ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

Conclusion In this analysis, we compare total compensation for a typical worker to total productivity.

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“To prepare for those talks, employers need to be ready to share how factors like budget and performance can impact an employee’s pay, as well as how their benefits and other perks contribute to their total compensation.

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A total of 656 responses were received, representing organizations of different sizes and across multiple industries.

“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.

For WorldatWork Members ;Compensation Staff Size: Finding the Sweet Spot , Workspan Magazine article;Empowering Connections: Leading Trends in Employee Communication , Journal of Total Rewards article; For Everyone Else ;Workforce Planning in a Relocation-Averse Era , Workspan Daily article; ;How Much Have Rewards Practices Changed Since 2018?