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Although there are no legal requirements for UK employers to be open with staff or job candidates about compensation, pay transparency has become much more important recently and may become even more important in coming years.

See Issue Workspan Q2 2021 How can you manage sales incentive compensation given that the sales role has been significantly impacted by the pandemic lockdown?

They support WorldatWork’s mission by providing practitioners, via established course materials, with training and education to effectively design and implement strategies and practices in Total Rewards, including compensation, benefits, work-life, recognition and career development.

.; “Compensation and career development are generally the leading reasons employees start job hunting,” said Hannah Yardley, the chief people and culture officer at Achievers, an employee experience and recognition platform.

Save Reuse Permission Making sweeping changes to your total rewards program can be a thorny task, due to the intensely personal nature of compensation and benefits for employees.

Pay equity, based on the doctrine that pay should be the same for employees who perform equal jobs but allows for pay variations based on productivity-related factors such as performance, experience and education, is a key aspect of diversity, equity and inclusion (DEI), along with such compensation areas as pay transparency and fairness.

For WorldatWork Members The Role of Employee Ownership in Total Rewards Strategy , Journal of Total Rewards article;Putting the Plan in Place: Introducing an ESPP at Aramark , Workspan Magazine article;Pivot on Pay: Getting Creative to Attract and Incentivize Talent , Workspan Magazine article;Compensation Structure Policies and Practices , research; For Everyone Professional Services Firms and Their Search for Liquidity , Workspan Daily article;Employee Trust Is a Problem (that TR Pros Can Help Address) , Workspan Daily article;Total Rewards ’25 , conference; NEW!

If you work for a multinational organization with employees in countries facing economic, social and/or political turmoil now or potentially in the near future, compensation experts say the time may be ripe to explore more risk-averse options.

A ‘Substantial’ Expense Most employees don’t fully appreciate or understand the value of their organization’s TR package because they don’t know the full scope of offerings, said Alicia Scott-Wears, a compensation content director at WorldatWork .