Total Rewards professionals in today’s workplaces consider themselvesboth skilled and satisfied in their careers and have a positive outlook on Those stand-out results form a key narrative of the 2023 WorldatWork TotalRewards Career Professionals Study, which spotlights a population of mid-to-senior-level Total Rewards professionals who have developed complex The Total Rewards Career Professionals Study gathers information aboutthe Total Rewards workforce, including key skills, job fulfillment, careeraspirations, and outlook. This year’s survey consulted 1,238 WorldatWork Satisfied with Roles, Goals and Abilities Total Rewards professionals find significant meaning and purpose in their careers,with the vast majority expressing satisfaction with their accomplishments and theircurrent roles. The work they do is connected to what they think is important, even A prevailing sentiment among Total Rewards professionals is confidence in theirability to excel in their current roles. While one-quarter are stilldeveloping the skills FAST FACT they need to excel in their current roles, almost one-third believe theycurrentlyhave the skillsto handle more demanding duties. Looking across all levels ofresponsibility, only 18 of more than 770 respondents said theylacked the skills The averagenumber of yearsTotal Rewards1515 Those who felt they've been successful in their careers (nearly 90% of the sample)identifiedskills development, managerial support, andformal educationas themost influential factors contributing to their success.Professional certifications The much smaller group who were negative or neutral about their success cited thefactors they felt hindered their success, primarily alack of opportunities within their Participants in the study also reportedlower levels of burnoutthan have beenreported in studies of other workers — and much lower than the HR profession as awhole report. Of course, it’s difficult to measure levels of burnout consistently across Mastering Critical Skills with Confidence FAST FACTS Survey respondents were asked to rank essential skills for Total Rewards careersas well as their confidence in their mastery of these skill areas. They identifieda wide array of skills they believe are critical for success in their current roles,and chief among them were soft skills:problem-solving, communicationand 64%64%ofparticipants Hard skills likefinancial acumen, labor market navigationandgeneral technicalexpertisewere perceived as less vital. Notably, the results found a significant gapbetween the perceived importance of these skills and respondents' assessment 59%59%are CertifiedCompensation Interestingly, participants showed the lowest confidence in the same skills theyranked lower in importance. Fewer participants rated themselves as "expert/leader" or as having an "extensive" skill level in the areas oflabor marketnavigation(16%) andfinancial acumen(11.5%) These data may suggest Total 23%23%are GlobalRenumeration Lifelong Learning FAST FACTS Continuing education holds paramount importance for Total Rewardsprofessionals, with an overwhelming 95% agreeing that “getting trainingand developing new skills throughout their work life in order to keep up with 44%44%workin private, for- 32%32%work inpublicly traded 13%13%work in the 12%12%workin government FAST FACT 75%75%holdbachelor’s or Career Outlook and Future Mobility Total Rewards professionals are stable in their organizations. Over three-quarters(77.7%) of respondents indicated they are not planning to change roles in the next And when asked to consider whether their role was “recession proof” —essentially how confident they are in easily finding a similarly paying job with adifferent company — almost half (44%) believed they would be in such demand. These responses are significant because — more than most employees — TotalRewards professionals understand the trends and nuances of the employment So why do they stay? Over three-quarters (76%) said they enjoyhow challengingthe work is.A similar number (70%) find theirco-workers easy to work with, andalmost as many (69%) enjoy thework-life balancethe career provides. Total Rewards professionals are alsohappy with their compensation on thewhole. More than half (54.4%) said they areextremely or very satisfied with their pay Promoting these attractive aspects of theprofession — pay, flexibility, collegiality andchallenge — may be the key to bringingnew graduates and career-changers into Sky's the Limit WorldatWork wants to know how Total Rewards professionals are thinking abouttheir own future, and we urged them to consider their long-term trajectory and the FAST FACTS 54%54%work forsmall to medium size More than one-third (34.6%) saw their path stretching toward further specializationwithin the Total Rewards space, likely aiming to deepen their knowledge and They seem to be aware of another finding in the survey: A significant numberof employers report they prefe