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Go Beyond Compensation Carol Leaman, CEO and co-founder of Axonify, which trains frontline workers, said organizations will have to use multiple levers in their total rewards model to fill labor shortages this time of year.

.; When creating new incentive plans or changing existing ones, compensation and total rewards professionals can draw from a wealth of data and analytical tools .

For WorldatWork Members ;Addressing the Healthcare Gender Gap , Workspan Magazine article;The Power of Allyship in Facilitating Female Leadership in Healthcare , Workspan Magazine article;5 Health Benefits Trends Come into Focus for 2024 , Workspan Magazine article; For Everyone Employers Look to Balance Rising Health Costs, Benefit Upgrades in 2025 , Workspan Daily article;Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article;Health and Welfare Plans: Strategic Planning and Design , course; A nationwide shortage of 100,000 critical healthcare workers is expected by 2028, according to a new Mercer report .

For WorldatWork Members ;Helping Employees Secure Their Retirement Future , Journal of Total Rewards article; ;FAQs to Help You Navigate Employee Retirement Discussions , Workspan Daily Plus+ article; ;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article; ;How TR Pros Can Help Workers Financially Prepare for Retirement , Workspan Daily Plus+ article; For Everyone ;The SECURE 2.0 Act Sequel: What Changes Arrive in 2025?

.; ;Significantly increase the total annual compensation level for exemption as a “highly compensated employee” (HCE) under the FLSA.; In the months leading up to the election, the final rule was challenged in several lawsuits spanning multiple U.S. district courts, and on Nov. 15, 2024, the U.S.

Further detail on factors and degrees is contained in the author’s previous Journal of Total Rewards article (Hilling 2020).

The amount of total compensation under any program should be meaningful and aligned with market levels for the participant’s role.

The total rewards professional’s role in all of this?

Or does quota relief reduce the sales team’s total revenue obligation?

Payroll represents 30% or more of most organizations’ total expenses, and it increases by approximately 3% annually.