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HR.com’s Future of Compensation and Total Rewards 2023-24: Optimize compensation and total rewards to gain traction
HR Research Institute Research Report and Infographic
November 2023
In the U.S., organizations are still scrambling for labor. Despite this, only about one in ten organizations believe their total rewards strategy is “advanced,” meaning many organizations are not fully leveraging total rewards to meet the moment. This report discusses recent trends and how some organizations get ahead in the compensation game.
Download and read the full report with key takeaways from this annual research to learn insights and strategies you can apply to your organization.
Did you know?
Only 12% of organizations describe their approach as “advanced.”
A third (31%) are redesigning their strategy now and another 7% plan to do so next year.
Three-fifths want AI to analyze market trends to offer competitive pay (60%) and automate manual processes (59%).
To learn more, we invite you to download and read the research report today:
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Advisory Board
The HR Research Institute is honored to have this esteemed group of professionals join our professionals join our HR.com’s future of Compensation and Total Rewards 2023-24 advisory board to help guide HR.com's primary research. The advisory board's goals are to influence the HR industry's thought leadership and best practices and to advance the competencies and skills of HR professionals.
Alex Cwirko-Godycki, VP, Global Head of Digital Marketing, Aon
Chris Fusco, SVP, Compensation, Salary.com
Matt Gotchy, Executive Vice President, Marketing and Partnerships, Trusaic
Lindsay Johnson, CEO, FitPros
Tom McMullen, Senior Client Partner and Total Rewards Expertise Leader, KornFerry
Mara Notarfonzo, VP Total Rewards, CAA
Marty Reaume, Board Member/Advisor
Robert Sheen, CEO, Trusaic
HIGHLIGHTS FROM THE RESEARCH:
Few organizations describe their total rewards approach as “advanced.”
More than four-fifths offer paid time-off to support work-life balance
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