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Strategic Goal Setting If you don’t have specific goals in mind from the start of your recognition program, you’re going to have a harder time when it comes to measuring success.

Key Takeaways ;HR Leaders Plan to Decrease Hiring Over Next 6 Months; ;Starbucks Sets 2% Raise for All Salaried Workers; ;Boeing Strike Continues in Missouri, Illinois; ;Survey Reveals Growing Use and Misuse of AI Within Workplaces; ;Report Examines How Engagement Differs by Work Generation; NEW!

Let’s look at some options for setting a remote workforce’s compensation strategy: Set pay rates by the location of the corporate headquarters or regional office.

;Set up to succeed.

The change is now set to kick in by 2027, while the statutory retirement age will go up by three months each year, starting in September, eventually reaching the 64-year mark by the end of the decade.

The Illinois Legislature passed “The Paid Leave for All Workers Act” Jan. 1 that is set to take effect in 2024.

Salaried employees will receive an annual bonus, based on Target’s performance and the eligible amount set as part of their compensation.

Policy manuals, compensation philosophy statements and articles on managing compensation often use the terms “internally equitable” and “externally competitive” in reference to setting pay rates.

In this new and evolving world, it may not be surprising to learn mature rewards organizations are more competitive and agile, and get there by using diverse data sets to sense market conditions and the workforce’s wants and needs, and incorporating those insights to regularly update rewards offerings to emerge from a crowded market.

Ontario is set to become the third Canadian province to implement a pay transparency law, joining Prince Edward Island and British Columbia.