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Citigroup has said that the overhaul will lead to more job cuts, but hasn’t yet put a number on the level of layoffs.

“A strong EVP can be a critical differentiator between an organization floundering in mediocre talent and an organization thriving with innovative, market-leading talent,” said Renya Spak, the chief growth officer at health engagement platform Well.

For WorldatWork Members A New Way to Evaluate Performance-Compensation Strategy , Journal of Total Rewards article;Handling Pushback: How Comp Pros Can Address Management Objections , Workspan Magazine article;The Great Benefits Reset: Value, ROI Lead Strategic Influences Ahead , Workspan Magazine article;Setting a Strategy — Determining Compensation for a Distributed Workforce , Workspan Magazine article;Which Geographic-Based Pay Strategy Is Best for You?

About WorldatWork WorldatWork is the leading global nonprofit organization for professionals engaged in the critically important practice of Total Rewards.

About WorldatWork WorldatWork is the leading global nonprofit organization for professionals engaged in the critically important practice of total rewards.

But the resulting pay compression inevitably leads to increased turnover among the more senior and/or highest performing employees.

That model, while packing a load of information into a finite period of time, often leads employees to make quick uninformed decisions without much preparation or knowledge and puts employers at a loss when it comes to truly understanding their employees' needs and driving engagement and utilization.

Addressing unfamiliar choices without the right governance processes can lead to ambiguity, conflict among leaders and a failure to pay adequate attention to the right decisions.

The leading challenges include: ;The financial strain of childcare costs (56%); ;Difficulty maintaining work-life boundaries (50%); ;Lack of affordable and reliable childcare options (30%); When asked what policies would better support them, parents pointed to the following: ;Flexible working hours and schedules (72%); ;Remote or hybrid work options (65%); ;Comprehensive paid parental leave (47%); ;Generous family care sick leave (45%); ;Childcare assistance (37%); U.S.

Leading organizations also give their employees information and choice in learning opportunities.