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What Does That Mean for Total Rewards?

For those sales specialists on a sales incentive plan, pay mixes can range anywhere from 70/30 to 85/15 (base salary/target incentive as a percentage of total target compensation) depending on their involvement in the sales process, industry norms and product/service complexity.

By contrast, we know bitcoin will already have a recognized value and price associated with it in the destination country’s currency,” said O'Connor, who presented at WorldatWork’s “ 2021 Total Rewards Conference and Exhibition ” on the topic of cryptocurrency and its potential compensation use case for employers.

Access additional articles related to this topic: ;Internal Mobility Keeps Employees from Moving On , Workspan Magazine; ;Organizations Are on the Skills Bandwagon; How TR Can Drive It , Workspan Daily; ;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+; Enhanced Upskilling and Career Pathing In addition to meeting employee needs, ITMs can provide organizations with greater insight into what skills they lack internally so they can develop more robust workforce planning strategies.

Greene is a frequent contributor to The Journal of Total Rewards and Workspan magazine.

Lowering total pay increases (e.g., prior double-digit increases are not sustainable).

These metrics lean toward environmental goals (40%), however, of the 10% of companies that added an ESG metric to their annual incentive plan in the past year, most commonly the metric was a DEI (Diversity, equity and inclusion) (8% of the total sample) or environmental (5%) metric.

Consider how pay changes might impact your total rewards offering and overarching employment brand.

In each issue of Workspan , we “Ask the Experts” to gather insights from thought leaders, industry authorities and researchers on total rewards challenges and current workforce issues that are top-of-mind for you.

For WorldatWork Members ;20 Tips for Designing Inclusive Family Care Benefits , Workspan Daily Plus+ article; ;Bullying & Sexually Marginalized Workers: A Threat to the Employee Value Proposition , Journal of Total Rewards article; ;Taking Progressive Steps in Gender-Inclusive Benefits , Workspan Magazine article; ;5 Minutes With ...