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Many HR and total rewards professionals would define a lateral job change as one that moves an individual from one position to a similar position within another team or department , and the new position has the same or is at least very similar in scope and the nature of responsibilities as the prior position.

.; 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 Benefits; ;Equitable and Diverse Workplaces; ;Finance and Budgeting; ;Well-Being; ;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.

The annual merit increase program should keep sellers’ total compensation aligned with labor market levels and reward exceptional performance, sales collaboration and growth in professional competencies.

These economies of scale were also pointed out in WorldatWork’s Total Rewards Professional Career Study 2023 .

An example analysis might compare a company’s relative three-year CEO CAP and three-year total shareholder return (TSR) relative to a compensation peer group.

“The drugs make people healthier and likely improve productivity, but even with all of these medical benefits, they will not lower total medical expenditures,” he said.

For WorldatWork Members ;Take These Three Steps to Mitigate Employee Distrust , Workspan Daily Plus+ article; ;The Trust Equation: Building Trust Through Total Rewards , Workspan Daily Plus+ article; ;Aligning Incentives, Performance Metrics and Strategic Objectives , Workspan Magazine article; ;Freedom and Responsibility , Workspan Magazine article; A majority of the largest U.S. companies utilize workplace surveillance tools to track employees, but for some workers, those tactics appear to have gone too far.

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 Benefits; ;Employee Experience; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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

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: Finance and Budgeting ;Organizational Performance ;Employee Experience ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.