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The proposed rate, which would be finalized after a public hearing and consideration of public comments on Dec. 16, would be $17.87 when it takes effect and would increase to $23.82, adjusted for inflation, when it is fully phased-in on April 1, 2025.

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; ;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.

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; ;Finance and Budgeting; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Test the health of your sales compensation plan against these 11 program health indicators. 1: Alignment.

Here’s a recommended approach: 1.

In fact, WorldatWork’s 2022 Sales Compensation Programs & Practices report found that “revising approach to sales compensation” was the No. 1 priority for 49% of respondents, up from 45% in 2021.

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: ;Finance and Budgeting; ;Organizational Performance; ;Sales Compensation; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

A product specialist (figure 1) , or overlay, is responsible for selling a limited number of complex technical products and/or services within a single product line.

The FTC estimates roughly 30 million Americans — or 1 in 5 workers — are subject to such employment contracts and believes eliminating them would bolster opportunities and increase wages.

July 1, 2025, she joined General Motors as Vice President of Total Rewards and Associate Relations, where she leads global strategies in compensation, benefits, and employee relations.