Total Rewards The Professions in Action Total Rewards

Total Rewards The Professions in Action

Total Rewards Professionals are Key to Ensuring: Organizations are prepared for the future The best and brightest can be attracted, motivated and retained Hard work is recognized and rewarded

Compensation professionals work to reward employees fairly and appropriately. Benefits professionals make sure workers can focus on their jobs by providing programs that protect their families’ health, welfare and finances. Work-life professionals ensure that work and life are balanced.

Economic Impact For a vast majority of organizations, employee compensation and benefits are one of the largest expenses and most difficult to manage.

About 8. 5% of the world’s total gross product is spent on health care. That’s about $6 trillion annually. Source: WHO 2011 Report Benefits professionals must manage significant obligations: as much as 50% or more of payroll costs in some countries.

There an estimated 2. 4 billion workers in the world. That’s about 35% of the worldwide population. Total rewards professionals manage a vital part of the global economic engine!

At a More Basic Level, Total Rewards Professionals Support Organizational Success

There are 119, 000 compensation and benefits professionals in the United States, and 128 million people in the U. S. workforce (tracked and coded occupations). Each total rewards professional supports about 1, 000 employees. Source: U. S. Bureau of Labor Statistics (May 2011 estimates)

How Total Rewards Professionals Arrived in Their Current Roles 21% comes from within the 55% of organizations’ total rewards staffing comes from the external labor market When total rewards staffing comes via internal recruitment … organization’s total rewards function 19% comes from elsewhere in the organization’s HR function 6% comes from outside both the HR and total rewards functions Total does not add to 100% due to rounding. Source: The Worldat. Work Total Rewards Professionals’ Career Census www. worldatwork. org/TRSuperstar

Total Rewards Certification Designations Awarded* 16, 742 190 earned a Certified Compensation Professional (CCP) designation earned a Work-Life Certified Professional (WLCP) designation (introduced in 2007) (introduced in 1977) 2, 549 112 earned a Certified Benefits Professional (CBP) designation (introduced in 1993) professionals earned a Certified Sales Compensation Professional (CSCP) designation (introduced in 2010) 3, 158 99 earned a Global Remuneration Professional (GRP) designation professionals earned a Certified Executive Compensation Professional (CECP) designation (introduced in 2010) (introduced in 1996) * as of April 2012 Source: Worldat. Work Society of Certified Professionals www. worldatworksociety. org

Education Among Total Rewards Professionals 90% Bachelor’s degree or higher 21% Master’s degree 19% M. B. A 2% Law degree or Ph. D. Source: The Worldat. Work Total Rewards Professionals’ Career Census www. worldatwork. org/TRSuperstar

www. worldatwork. org/celebrate. TRPW