Total Rewards
Using compensation and benefits strategically to retain talent, control costs, and drive organizational performance.
FEATURED RESEARCH:
2026 SHRM Employee Benefits Survey Report
A comprehensive annual survey of HR professionals capturing the prevalence of benefits across a wide range of offerings.
The Importance of Benefits
Compensation and benefits are among the largest expenses for organizations, but when managed strategically, they deliver outsized returns in retention and engagement. HR leaders who design effective rewards systems reduce turnover and attract top talent. Total rewards is more than pay, it's a business lever for maximizing workforce ROI.
Member OnlyLooking to design pay and benefits that attract and retain talent?
Ask a SHRM Knowledge Advisor or insights on building competitive total rewards.
Key Data Trends
49%
the median share of operating expenses attributed to salaries in 2026, up from 41% in 2022, making compensation and benefits a major organizational cost
61%
of HR pros say competitive compensation is very or extremely effective for retaining deskless workers
56%
of HR professionals report ongoing challenges in retaining deskless workers, emphasizing the importance of total rewards strategies for reducing turnover
SHRM Total Rewards Specialty Credential
Design competitive compensation and benefits programs that boost employee engagement with the SHRM Total Rewards Specialty Credential.
Latest News
Amid rising inflation, Social Security benefits are increasing 3.6% in 2027. HR can leverage the news to help workers with retirement planning and financial security.
Inflation accelerated again in September, according to the latest government figures, as financial stress ripples throughout the workforce.
With healthcare costs expected to rise nearly by double digits next year, controlling costs is the biggest focus for organizations, SHRM data finds.
During National Disability Employment Awareness Month, employers have an opportunity to examine workplace accommodations, manager training, and employee benefits.
Design Rewards That Deliver
SHRM membership provides insights on compensation, benefits, and pay transparency that attract talent and reduce turnover.
Become a SHRM Member and build a total rewards strategy that works.
Member Resources
Learn how AI can turn existing HR documents into role-specific onboarding plans, resources, and answers to common new-hire questions.
Use this job questionnaire as a comprehensive data collection tool for gathering the important details that will form the foundation of your job analysis.
Use this comprehensive checklist to effectively document the physical activities and demands required for a position as well as its environmental working conditions.
Get guidance on allowable and prohibited salary deductions for exempt employees. Align your pay practices with the Fair Labor Standards Act and state laws.