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Averbook said it would be a mistake to copy and paste the job description (and related pay and benefits package) for a CIO job with that of a CAIO officer.

An employer may not take deductions for items that do not benefit the employee (e.g., uniforms, broken dishes, cash register shortages, customers leaving without paying) that would reduce pay below the minimum wage.

Alongside compensation, Jones said employers should focus on their holistic total rewards strategies, including benefits , career mobility and well-being .

A possible path could be the withdrawal of the 2024 rule and the development of new rulemaking — perhaps with a greater benefit (or less financial impact) for employers.

The Independent Contractor Process Given the freelance economy’s crucial benefits in providing companies with the time to prepare for future demands and insulation from labor shortages and inflation, companies need to start updating their definitions of “employment” and analyze which roles need to be done by a full-time employee and what can be done by a part-time worker or contractor.

Building on Hua’s advice, we recommend giving the benefit of the doubt to avoid the possibility of miscommunication and assuming positive intentions.

.; Reuse Permission Editor’s Note : Workspan Daily will be publishing a monthly sales compensation column from the Alexander Group for the benefit of our readers and to encourage further discourse on topics vital to compensation professionals.

A one-size-fits-all compensation and benefits package will cost more and deliver less optimal results than one that treats each employee as an individual.

Access bonus Workspan Daily Plus+ content on this subject: ;Seeing the Unseen: Identifying Gender Bias in Employee Recognition; “While compensation and benefits are foundational to a total rewards strategy, if employees do not feel recognized and appreciated for their efforts, it will diminish the employee experience, negatively impacting work performance, retention and well-being,” said Kathleen Schulz, a vice president and global innovation leader at Gallagher.

The authors also provide evidence that discretion in rewards, while providing important benefits, can lead to inequities.