The Paramount Value of Total Rewards: Forward Strategies for CEOs and CHROs
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Future of Work

The Paramount Value of Total Rewards: Forward Strategies for CEOs and CHROs

07 November 2024 / Article

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Total rewards is a primary and powerful lever for CEOs and chief human resources officers (CHROs) to support business strategy and attract and retain talent amid the highly competitive business landscape. This article provides insights from our series of US roundtable discussions and the European rewards conference with CHROs and total rewards leaders on how they are evolving and innovating total rewards strategies to ensure they remain aligned with business strategy and meet the varied needs of employees.

Key Insights

  • In a highly disruptive and competitive business environment, CHROs are working closely with their C-Suite colleagues and total rewards leaders to ensure rewards support business goals and culture.
  • Total rewards are critical levers to change behaviors and build culture and should be intentionally designed and revised to remain impactful.
  • Organizations are widening the scope and flexibility of total rewards programs to better attract and retain workers.

More on this topic from The Conference Board:

  • The Evolving Total Rewards Landscape: Tactics to Attract and Retain Talent

  • Future: Reward Europe – The Highlights

Total rewards is a primary and powerful lever for CEOs and chief human resources officers (CHROs) to support business strategy and attract and retain talent amid the highly competitive business landscape. This article provides insights from our series of US roundtable discussions and the European rewards conference with CHROs and total rewards leaders on how they are evolving and innovating total rewards strategies to ensure they remain aligned with business strategy and meet the varied needs of employees.

Key Insights

  • In a highly disruptive and competitive business environment, CHROs are working closely with their C-Suite colleagues and total rewards leaders to ensure rewards support business goals and culture.
  • Total rewards are critical levers to change behaviors and build culture and should be intentionally designed and revised to remain impactful.
  • Organizations are widening the scope and flexibility of total rewards programs to better attract and retain workers.

More on this topic from The Conference Board:

  • The Evolving Total Rewards Landscape: Tactics to Attract and Retain Talent

  • Future: Reward Europe – The Highlights
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Authors

Rita Meyerson, EdD

Rita Meyerson, EdD Rita Meyerson, EdD

Principal Researcher, Human Capital
The Conference Board

Read Bio

Allan Schweyer

Allan Schweyer Allan Schweyer

Principal Researcher, Human Capital
The Conference Board

Read Bio

Lisa Hunter

Lisa Hunter Lisa Hunter

Senior Fellow and Program Director
The Conference Board

Read Bio

Marion Devine

Marion Devine Marion Devine

Principal Researcher, Human Capital, Europe
The Conference Board

Read Bio

Diana Scott

Diana Scott Diana Scott

US Human Capital Center Leader
The Conference Board

Read Bio

Robin Erickson, PhD

Robin Erickson, PhD Robin Erickson, PhD

Head of Human Capital Research
The Conference Board

Read Bio

View All

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