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Three Friction Areas … and How to Mitigate Them While some organizations experience success with strong labeling conventions inherent within career streams, many others see traditional career stream approaches have become increasingly misaligned with modern work realities.

Set your strategy for late elections.; ;Resolving inconsistencies, such as a family plan election with no dependents listed.; ;Auditing for dependent status, ensuring new dependents are added correctly and dependents who have aged out are not enrolled.; ;Sending out election confirmations, if not automatically generated.; ;Verifying that premium deductions are accurate and will be set up correctly in payroll.; ;Generating election data in the format required by the carrier and submitting it promptly, allowing extra time to resolve any unforeseen issues.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Employee Experience; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Why Goal-Setting Matters in Periods of Volatility Goal-setting is the foundation of incentive plans.

Several critical success factors can help family-controlled companies modernize their executive compensation strategy while avoiding common pitfalls that may jeopardize leadership strength.

However, placing too much value on one specific skill set could present risks to the organization down the line, and may result in a corral of one-trick ponies who may not have developed broader business acumen or management skills.

Setting good quotas can make or break your sales compensation plan.

.; When employers fail to identify the systemic causes of employee stress and implement meaningful structural changes, cynicism can set in, and the costs may be quite high.

Years ago, those goal-setting conversations focused narrowly on using the budget almost exclusively for setting incentive compensation goals.

.; In the modern workplace, compensation and performance management go hand in hand.

The rules are part of a revamped and “modernized” effort to combat insider trading, the SEC noted in its release .