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Laws such as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 in the U.S. required more disclosure and heightened public visibility into how much CEOs and other top executives are compensated.

According to a recent article in The Wall Street Journal , tariffs have created particularly steep costs for many businesses — some spending hundreds of thousands of dollars more than usual to locally source materials and talent.When compounded over time, these inefficiencies may undercut competitiveness — particularly for smaller employers.​

A Wall Street Journal article , citing Gallup research, reported that fewer than half of managers have actually been trained in how to be a manager.

.; ;Intellectual humility — the confidence and willingness to be wrong; those who cannot change their minds in the face of new evidence will be the proverbial brick wall the organization runs into, hindering its growth.; In general, a high AQ is characterized by the ability to: ;Pivot quickly to adapt to change;; ;Willingly discard obsolete strategies and knowledge; and,; ;Effectively discern the next path to learn and follow.; Famously, the leadership of Eastman Kodak and Blockbuster had critically low AQ, which led to their failure to adapt their business models to new technologies and customer demands, as they preferred to rely on past successes rather than adapt.

Hub locations will provide an engaging atmosphere for employees to collaborate with colleagues, and access to clients and vendors but also keep the door of flexibility open.

To address this, companies like Peloton, for example, work with vendors to help employees with student-loan debts through programs similar to a 401(k) match.

(See our 2023 SPM Vendor Guide to start gathering information.)

;Subscribe to a pay benchmarking service through vendors in the space.; While the second group has a head start on this work, even these companies may need to ramp up their compensation capabilities, since they may need to increase both the volume and quality of their work.

“The guidance makes it clear that employers are responsible for their tools even if they’re designed or administrated by a software vendor,” he said.

For example: ;See if your benefit vendors offer engaging educational tools that you can utilize.; ;Integrate TikTok-style videos, on-demand content and personalized decision-support tools into your existing enrollment platforms.; ;Use AI tools to scale your content in ways that make it meaningful for multiple audiences.; “It’s never done from an optimization perspective,” Mowrer said.