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Analyze Recognition Processes Total rewards professionals should also examine how recognition is dished out within the organization, said Jill Havely, the managing director and head of global community excellence for employee experience at WTW.

Released in March, the report revealed workplace and compensation trends, analyzing data and insights from nearly 3,600 primarily U.S.

See Issue Journal of Total Rewards Q2 2024 Studies of a variety of topic rewards topics, from AI and pay transparency to career advancement to analyzing a pay gap.

Results will be analyzed to identify broad trends across the organization.

For example, Collinson urges employers to consider conducting an employee survey with the ability to analyze results by generation and/or age range.

The assessment should seek to: Clarify the corporate growth strategy driving revenue goals;Compare plans to sales compensation leading practices for each unique job;Analyze the connectivity between seller performance and earnings;Identify key opportunities for program improvement.; This assessment phase will likely help companies gain deeper insight into sales compensation plans and the associated program costs.

As always, solicit feedback directly from your own workforce — regularly gather insights from your employees and analyze data on the usage of existing offerings, Spencer said.

By aggregating and analyzing data from multiple sources, AI provides actionable insights that help employers make their benefit strategies impactful and efficient.”

What It Is, and How It Can Aid the Total Rewards Function , Workspan Daily article;How to Source and Analyze Data to Increase Business Insights and Impact , on-demand webinar; Meg Bear is a true expert when it comes to human capital management (HCM) technologies and their implementation.

In smaller businesses, data can be disrupted by one bad apple or disingenuous responder, Lamm said, so the data alone cannot be taken as gospel but must be intelligently analyzed.