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Arnold: How might an organization implement this type of framework within its HR/TR operations?

Programs are frequently one-size-fits-all, lacking personalization or relevance to diverse employee demographics, life stages and job types.

“You’d have to go back 30 or 40 years to find very many organizations that had a single salary structure for the entire country,” said Mark Englizian, an independent HR advisor and former CHRO at Walgreens.

.; Contrary to what some other people may think, we do not need to wait 20 or 30 years for the future; it is here, and we are building and living it, right now.

Tax Advantages Owners can take certain deductions and defer capital gains taxes if they sell at least 30% of the business to an ESOP trust, and employee taxes on distributions are deferred until withdrawal.

That type of conversation is critical: Maslach notes that one cause of employee resentment regarding corporate responses to burnout is the feeling that they’re constantly being surveyed, but that the survey results are rarely communicated back to employees.

Turba noted a Gallup survey that found 42% of surveyed U.S. employees would consider whether an organization is “diverse and inclusive of all types of people” when deciding whether to accept a job offer.

This type of culture, they said, “offers them something worth advocating for.”

Building the Right Compensation Package In addition to the standard salary and performance bonuses, Canavan said the building blocks should be: retention incentives, which organizations can address through real or “phantom equity” (a type of compensation award that references equity, but does not entitle the recipient to actual ownership in a company); a long-term cash bonus plan; or split-dollar life plan, which allows the sharing of the cost of a premium for a permanent life insurance policy.

When it comes to compensation, he said, AI can help organizations analyze objective data — such as job type, level and time-in-role — to ensure salary decisions are made in an apples-to-apples manner, where appropriate, across teams.