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For TR leaders, this presents a strategic opportunity: Those who can embed purpose into work design — not just compensation — will be better positioned to attract, engage and retain talent in a competitive landscape.”

Access a related Workspan Daily article on this subject: ;The Lunch Menu: ‘Hanger,’ ‘Lunch Guilt’ and Work; Design Choices There are as many ways to structure the digital watercooler as you have ideas.

Firms seeking growth beyond their core offerings will need customized but adaptive compensation strategies designed to attract and retain specialized talent.

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Then, using inputs about your compensation designs, business strategy, and the nuanced employee and candidate characteristics you value and will pay for, these tools, she stated, can help inform future pay decisions that align with your corporate priorities and objectives — becoming a valuable augmentation tool for TR professionals.

TR professionals can design systems that nurture these conditions, blending pay development and recognition into a cohesive experience.

We guide them in the design and delivery of Total Rewards programs with our membership, education, certification, idea exchange, thought leadership, knowledge creation, information sharing, research, and networking.

.; ;Following an engineering career in thermal analysis and satellite design, Gwynne Shotwell moved to master sales, contract law and supply chain management before becoming the president and COO of SpaceX.; ;With nearly two decades in server engineering and online services, Satya Nadella mastered unit economics, cloud architecture and organizational empathy before becoming the CEO of Microsoft.; While each could have stayed on a vertical path to lead a department within their functional expertise, they chose to broaden their scope and skills.

Overall, while pay for performance continues to be the largest concern for companies, responsiveness and performance-based pay design also demand attention.

., productivity, retention, satisfaction, well-being, health claims) into consideration when designing workplace policies, benefits and incentives.