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Are you a modern, future-focused employer who gets it, or are you stuck in the Dark Ages?”

“An HR professional does not need the skill to develop a modern AI application, but understanding the basic flow is useful if you plan to adopt one.”

For WorldatWork Members Leveraging Incentives for Future Work Challenges: Exploring the Employee Perspective , Journal of Total Rewards;The Future of Work and Rewards , research;AI Is HR’s Future, but Modernization Comes First , Workspan Magazine article; For Everyone Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Job Architecture for the Future of Work , on-demand webinar;How AI Is Transforming the Total Rewards Landscape , Workspan Daily article; NEW!

For WorldatWork Members ;Modernizing Pharmacy Benefits: A Total Rewards Opportunity , Workspan Daily Plus+ article; ;Use This Checklist Toward Modernizing Your Pharmacy Benefits , Workspan Daily Plus+ article; ;The Benefits Checkup: Is Your Offering Truly Maximized?

;Modernized benefits structure.

Use the Tools at Your Disposal — And Keep Evolving Employers should understand what they’re trying to accomplish with a modernized benefits communications plan, Mowrer said, so they should set guidelines for how to measure success — and continue tweaking their approach.

FOUR TENETS OF MODERNIZING THE TOTAL REWARDS EMPLOYEE EXPERIENCE So, what are the key tenets of a modernized employee experience when it comes to total rewards?

Long work hours with low pay and no protection for working children evolved into federal and state wage-and-hour laws, which are the cornerstone of the modern working world.

Residual Cash Earnings: A Modern Version of Economic Profit While our analysis shows the relationship between most financial measures and TSR outperformance is fluid over time, companies that consistently grow residual cash earnings (RCE) — a modernized version of economic profit — consistently outperform on TSR.

“Especially now, amid the ongoing effects of the pandemic, employers need support from policymakers to make it as easy as possible to modernize their business practices, expand their benefit offerings, and address the evolving needs of their employees.”