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“In the past, when candidates would negotiate their vacation days, they would always bring the same arguments — 'I have X years of experience' and 'I’m getting X weeks of vacation at my current company' — and those are very fair arguments,” said Maaike van Gogh, senior total rewards and data specialist with Alimentiv.

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.

Fisher stated it’s another tool to help total rewards professionals attract top talent who value flexibility .

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According to a CNBC report , the Meta board committee approved the change after determining the “target total cash compensation” for its executives “was at or below the 15th percentile of the target total cash compensation of executives holding similar positions” at peer companies like Amazon and Apple.The updated bonus plan does not apply to Meta CEO Mark Zuckerberg.

Read Bio Enad Abu Naser Head of Total Rewards & Manpower Planning with Baladna-Qatar Assoc.

Total rewards and human resources professionals face so many challenges today from external factors such as new business trends, economic conditions, emerging technologies, changing policies and workforce demographics.

Relocation benefits remain a tool for total rewards professionals to recruit top talent in hands-on industries such as healthcare and manufacturing.; After falling to a record low of 1.5% in the fourth quarter of 2023, the percentage of U.S. workers relocating for new jobs increased to 2.4% in the first quarter of 2024, according to a new quarterly report published by Challenger that surveyed 3,000 job seekers across the country.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;5 Health Benefits Trends Come into Focus for 2024 , Workspan Magazine article;Navigating Employees’ Serious Medical Needs , on-demand webinar;Total Rewards Inventory Checklist , tool; As the demand for glucagon-like peptide-1 (orGLP-1) drugs increases, and the potential applications of them continue to expand (from diabetes management to obesity and beyond), employers are weighing both the cost of covering the medications and the potential long-term benefit (to employees and the organization).