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Make a firm determination of the main reasons for implementing the plan, expected outcomes and secure executive buy-in with data that supports your reasoning.

Mercer cited several factors contributing to the growing shortage, including accelerated worker resignations due to COVID-19 pandemic response, continued worker burnout and non-competitive compensation for some roles.

Lyft Drivers Will Receive 70% of Rider Payments As reported by CBS News , Lyft has promised its drivers will receive at least 70% of the money their clients pay to ride with them, part of the rideshare company's efforts to boost pay transparency amid long-running criticisms about its driver compensation. 

In part, we are critical of new incentives that are being implemented to compensate home office workers for office expenses.

;Short-term incentives offered. 79% of organizations surveyed offered individual performance-based incentives.; 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 Compensation ;Employee Experience ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

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 Compensation; ;Total Rewards;

Course Credits WorldatWork Certification Successful completion of this course and its accompanying exam can be applied to the Certified Compensation Professional (CCP®) and Global Remuneration Professional (GRP®) certifications.

Executives from different areas of the company join these discussions and share personal stories about their struggles navigating such topics as race, mental health and well-being.

As with any evolving practice, however, compensation experts say there are new developments and considerations to stay on top of, from both a total rewards perspective and employee experience outcome.

Beyond base compensation, Camm said, they should emphasize: Short-term incentives tied to annual company profitability;Long-term incentives aligned with creating value over the next five to seven years;A structured employee development program, and;Comprehensive health, welfare and time-off benefits.; Michael Citron, a principal and compensation and rewards consultant at Mercer, noted that within the past few years, his company has seen pay expectations (and resulting pay movement) rise at a rapid pace.