Searching executive compensation on page 130

As with any evolving practice, however, compensation experts say there are new developments and considerations to stay on top of, from both a total rewards perspective and employee experience outcome.

Whether your organization is still in the throes of 2024 salary budget planning, or has recently wrapped up, there are proactive measures to take to ensure compensation remains equitable in the coming year.

They knew their approach took just a few minutes to execute from start to finish.

Texas: House Bill 4067 , introduced March 7, bans noncompetes for all workers and senior executives, except in instances involving a business’ sale.

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 Compensation ;Equitable and Diverse Workplaces ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

Chinese Finance Industry Experiencing Significant Pay Cuts As the country experiences an economic downturn across industries, employees in the Chinese financial sector have taken compensation cuts of as much as 40% in 2023, Bloomberg News reports .

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: Equitable and Diverse Workplaces; Employee Compensation; Employee Experience; Well-Being; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

Only 17% of organizations currently collect LGBTQ+ pay equity data, according to Payscale’s 2024 Compensation Best Practices Report — although that was up from 13% in 2022 .

.; 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 Compensation; ;Employee Recognition; ;Total Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Under the proposed rule, two or more employers would be considered joint employers if they “share or codetermine those matters governing employees’ essential terms and conditions of employment,” such as wages, benefits and other compensation, work and scheduling, hiring and discharge, discipline, workplace health and safety, supervision, assignment and work rules, according to the NLRB.