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Outright, market management products are designed to warehouse survey files, map jobs to benchmarks, model pay structures, andincreasingly, highlight equity gaps and market trends.Yet many practitioners admit they extract only a fraction of that potential.

When done right, programs designed to attract remote workers to a given area can serve to balance the needs of the economy, organizations and human element to drive success and overall connection to a company and a community.; The whole idea — and a huge part of the appeal — behind remote work is that it can be done from anywhere.

“Modernized and simplified compensation programs will be a cornerstone of competitive and compliant compensation programs in the future.”

This greater scrutiny comes as employers face above-average increases in healthcare costs this year, according to the Business Group on Health’s 2023 Large Employers’ Health Care Strategy and Plan Design Survey .

“People feel quite overwhelmed, a sense of feeling like they have two jobs, the job they were hired to do, but then they have this other job of communicating, coordinating and collaborating,” said Jared Spataro, who leads Microsoft’s modern-work team and who spearheaded the research.

For WorldatWork Members 20 Tips for Designing Inclusive Family Care Benefits , Workspan Daily Plus+ article;Addressing the Healthcare Gender Gap , Workspan Magazine article;Taking Progressive Steps in Gender-Inclusive Benefits , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; For Everyone How Employers Can Address Women’s Growing Job Dissatisfaction , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Employers Can Move Needle on Persistent Physical Health Disparities , Workspan Daily article;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; According to the World Health Organization, around 1 in 6 people globally experience infertility —making fertility benefits a highly impactful addition to an employer’s total rewards package.

Gordon Frost, Mercer’s Global Rewards Solution Leader , Workspan Magazine article; For Everyone Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Critical Considerations for Crafting an Effective Job Architecture , Workspan Daily article;A Framework for Fair and Consistent Pay Decisions , Workspan Daily article;5 Ways Comp Pros Can Maximize Their Market Management Tool , Workspan Daily article;Aligning Job Architecture and Market Data for Compensation Success , on-demand webinar; Organizations today are operating in an environment of constant change.

Automating old and outdated rewards programs may provide some minor gains in productivity, but organizations that first take the time to modernize their job architectures, consolidate their job catalogs and simplify their incentive programs, to name a few, can then leverage AI to perform more sophisticated analytics that result in meaningful insight.

For the most part, employees are still operating within job designs and work processes grounded in the principles of scientific management.