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Glossary of Key Rewards and HR Terms
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Curated by the WorldatWork staff, this glossary can help you get up to speed quickly.
Workspan Magazine
10/03/2024
Providing retention incentives is a common and compelling way to entice key employees to stay on board during and after a merger or acquisition.
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Workspan Daily
05/12/2022
Employers manage pay equity and legal risk by implementing a comprehensive compensation policy that guides pay decisions, assigning positions to pay ranges based on market drivers, and employing a system of checks and balances to prevent bias.
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Workspan Daily
02/21/2024
Leverage Pay-for-Performance Plans to Drive Strategic Goals Lukewarm about last year’s sales compensation plan effectiveness, companies resolve to update next year’s plans.
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Workspan Daily
03/27/2024
Some high-deductible plans, such as consumer-driven health plans, are paired with features like a health savings plan (HSA) , while others simply offset lower premiums with higher deductibles.
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Journal Article
07/04/2022
HOW INCENTIVES AND RECOGNITION WORK Incentives The term “incentives” is often used to refer to any rewards or punishments related to performance.
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Workspan Magazine
05/15/2023
In a Nutshell SECURE 2.0 expands long-term part-time employees’ eligibility for 401(k) or 403(b) retirement plans.
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Workspan Daily
07/22/2024
Inclusion amplifies equity by actively engaging and valuing diverse groups in all aspects of organizational life.; While organizations may prioritize these elements differently based on their goals, it’s clear that these elements — individually and collectively — are essential in achieving a balanced workplace.
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Workspan Daily
10/06/2022
These include pay/performance transparency, long-term ownership, mission, career development opportunities, long-term strategy and viability of the business.
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Journal Article
05/15/2025
Conclusion
Skill-based pay has long been recognized for its potential to enhance workforce flexibility, productivity and innovation; however, its implementation has often been hindered by structural inefficiencies, rigid pay systems and difficulties in skill assessment and workforce planning.
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