The Worldatwork Handbook of Total Rewards - 2nd Edition (Hardcover)

About the Book

"The world of work is changing; Baby Boomers are leaving the workforce and Millennials will be the largest segment of the workforce by 2020. In addition, the Gig Economy has given birth to an entirely different definition of "workforce." Organizations no longer solely employ traditional "employees"; rather, the workforce of today and into the future is comprised of traditional employees that are both onsite and remote. The core tenets of rewards -- compensation, benefits, work-life -- remain fundamentally critical for the workforce at-large. Yet the shifting demographic of "worker" is requiring employers to strategically re-think their approach to attracting, retaining and motivating the workforce. Workforce engagement is becoming ever-more critical to effectively attracting and rewarding the modern-day workforce. Since publication, the first edition has been the definitive authority on compensation and rewards from the world's leading professional association in the area, WorldatWork. This completely revised second edition broadens the scope to address the latest issues facing employers today and in the next five years. The world of work and rewards has changed significantly in the time since the initial WorldatWork Handbook of Compensation, Benefits & Total Rewards was published. Human resources and total rewards professionals need tools to equip them to manage a changing workforce that is influenced by multiple factors, particularly the Gig Economy and a new generation of workers that requires a different value proposition. Audiences with interest in human resources and rewards need a resource for gaining a solid understanding of the nuances in their professions. Readers will gain an understanding of the basics of rewards and what's required for foundational rewards programs, along with a higher-level view of how these programs support the overall goals of attracting, retaining, motivating and engaging that talent required to deliver business success."--

Book Synopsis

Equip yourself to manage, motivate, compensate, and reward everyone in this workplace revolution

The future of work is here. From the shift to Millennials and Gen Z in the workforce to the advent of the Fourth Industrial Revolution and the Gig Economy, the world of work and rewards has significantly changed since the initial WorldatWork Handbook was published. Human resources and total rewards professionals need tools to equip them to manage a changing workforce. This completely revised second edition addresses the challenging and disruptive issues facing employers today and tomorrow.

The WorldatWork Handbook of Total Rewards is the definitive authority on compensation and rewards from the leading global nonprofit organizations for professionals who are engaged in the critically important practice of total rewards. This book is a go-to resource for all business professionals and leaders who reward and create productive, committed and inspired workforces worldwide. Readers will learn the basics of rewards, along with a deep dive and high-level view of how rewards programs enable organizations to deliver on their brand promises and perform at their optimal level.

• Gain a thorough understanding of compensation and benefits, along with employee well-being, development, and recognition, all updated to address the realities of today's workplace.
• Understand why the Millennial and Gen Z workforce requires a different value proposition, and how to meet their needs.
• Discover the tools and techniques you need to help you reskill and become a highly valued workforce contributor and leader in the digital era.
• Learn how to attract, retain, and engage talent by building a healthy workplace culture and employing unique incentives that drive high performance and loyalty.

Technical enough for specialists but broad in scope for managers and HR generalists, this well-rounded resource belongs on the desk of anyone interested in organizational effectiveness. An indispensable tool for understanding and implementing the total rewards concept, The WorldatWork Handbook of Total Rewards, Second Edition is the key to designing programs and practices that ensure employee engagement and organizational success.

From the Back Cover

The world is changing. And the way we work is changing along with it. As we shift to more remote and hybrid work environments, the gig economy expands, and new generations replace baby boomers, an entirely different and novel definition of "workforce" emerges. No longer can organizations rely on the methods and techniques that worked in the past to continue delivering satisfactory results in the future. Modern workers increasingly demand a different sort of value proposition, one that recognizes their unique role in an ever-evolving economy.

The WorldatWork Handbook of Total Rewards delivers a definitive exploration of the role that compensation and rewards play in the new workplace. With a broadened scope that addresses virtually all modern employers, the book aims to tackle not only the problems of today, but those of the near future as well. The book offers readers a high-level overview of how compensation and rewards programs support the overall goals of attracting, retaining, motivating, and engaging the talent necessary for business success. It also provides practical and concrete strategies for implementing these ideals into a modern organization.

Readers will learn about market pricing and competition for prizewinning talent, how to link pay to performance with merit pay, issues surrounding executive compensation disclosures, how to compensate sales staff, how to reskill your workforce through continuous development, and the changing face of employee well-being.

Perfect for anyone with an interest in human resources, The WorldatWork Handbook of Total Rewards will also earn a place in the libraries of managers, executives, business owners, and leaders who hope to motivate their followers and employees to contribute to a thriving and energetic organization.

WorldatWork is the leading global nonprofit organization for professionals who are engaged in the critically important practice of Total Rewards. It serves those who are responsible for cultivating inspired, engaged, productive, and committed workers in effective and rewarding workplaces. It guides them in the design and delivery of Total Rewards programs with education and certification, idea exchange, thought leadership, knowledge creation, information sharing, research, advocacy, and networking.

About the Author

WorldatWork is the leading global nonprofit organization for professionals who are engaged in the critically important practice of Total Rewards. It serves those who are responsible for cultivating inspired, engaged, productive, and committed workers in effective and rewarding workplaces. It guides them in the design and delivery of Total Rewards programs with education and certification, idea exchange, thought leadership, knowledge creation, information sharing, research, advocacy, and networking.