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Other factors, such as scope of work and industry, are also important to consider when gauging whether the compensation function is adequately staffed and operating as efficiently as possible.

RCE Across Industries While traditional economic profit has been criticized as applying only to “old world” companies with tangible assets, RCE is adjusted to capture intangible assets shown by such industries as software and pharmaceuticals.

DIFFERENCES IN MANAGING GIG WORK AND GIG WORKERS Three Approaches to Understanding Gig Work Despite a long history of gig work provided by independent contractors, the emergence of platform-based (or digital-based) gig work has caused experts to rethink the classification of workers contributing to emerging industries such as ridesharing or food-delivery industries.

Successful union organizing efforts can affect total rewards for all employers, even those in different industries and without unionized employees.

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At the industry level, employment in the retail sector notably softened in May, falling by 61,000 with job losses primarily across general merchandise stores, clothing, and clothing accessories stores.

“We promised our world-class pilots the industry-leading contract they deserve, and we’re pleased to have reached an agreement with ALPA on it,” United CEO Scott Kirby said in a LinkedIn post.

Layoffs in the high-tech and e-commerce industry provide a valuable salary increase-related lesson.

Sean Kennedy, the executive vice president for public affairs for the National Restaurant Association, stated, “Eliminating taxes on tips would put cash back in the pocket of a significant number of workers in the restaurant and foodservice industry and could help restaurant operators recruit industry workforce.

Rossi: The answer varies significantly by industry, customer type — such as business-to-business versus business-to-consumer — and sales role, but some fairly common tactical sales compensation changes that may last in the long term include simplifying plans to two measures (three maximum), to enable agility with less to analyze/change, ensure better administration, and reduce goal-setting pressure and workload for sales operations as well as sales.