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“In the past, when candidates would negotiate their vacation days, they would always bring the same arguments — 'I have X years of experience' and 'I’m getting X weeks of vacation at my current company' — and those are very fair arguments,” said Maaike van Gogh, senior total rewards and data specialist with Alimentiv.

Many HR and total rewards professionals would define a lateral job change as one that moves an individual from one position to a similar position within another team or department , and the new position has the same or is at least very similar in scope and the nature of responsibilities as the prior position.

Fisher stated it’s another tool to help total rewards professionals attract top talent who value flexibility .

For WorldatWork Members What’s Working in Total Rewards, October-November 2024 , Workspan Magazine article;How Sharing Real-Time Data Elevates EY’s Well-Being Strategy , Workspan Magazine article;Five Emerging Workplace Trends Affecting the Employee Experience , Workspan Magazine article;Workplace Wellness: Best Practices Study , Journal of Total Rewards article; For Everyone Employers Look to Balance Rising Health Costs, Benefit Upgrades in 2025 , Workspan Daily article;Lifestyle Savings Accounts: An Emerging Benefit to Attract and Retain Talent , Workspan Daily article;U.S.

According to a CNBC report , the Meta board committee approved the change after determining the “target total cash compensation” for its executives “was at or below the 15th percentile of the target total cash compensation of executives holding similar positions” at peer companies like Amazon and Apple.The updated bonus plan does not apply to Meta CEO Mark Zuckerberg.

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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; Employee Experience; Well-Being; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.

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The publisher’s last offer, issued earlier in January, kept the total number of cuts at 94 and almost halved the proposed severance, the union said.

Other Options for Employers Given the fact that the majority of employees globally have indicated they would exchange pay for greater quality of life, finding ways to offer flexibility is a smart total rewards move, Ma said.