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This article shares some of the more common misclassification issues for which total rewards professionals should be on the lookout.

For WorldatWork Members Be Intentional: Communicating Your Employee Value Proposition , Workspan Daily Plus+ article;Steps You Can Take to Deliver to the Employee Value Proposition , Workspan Daily Plus+ article;Workplace Wellness: Best Practices Study , Journal of Total Rewards article; For Everyone Is Your Organization Living Up to Its Employee Value Proposition?

Mix: Sales compensation designers divide target total compensation (TTC) for a job into two components: base pay and target incentive expressed as a portion of 100%.

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: Sales Compensation ; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.

And, if the geographic differentials are published , employees will have a clear understanding about how their total take-home pay may change based on their location.This level of pay transparency will result in a greater understanding of the compensation philosophy and employees will be equipped to make informed decisions about their compensation.

Not only will public companies need to provide a tabular disclosure of “compensation actually paid” to their CEOs/executive officers compared to absolute and relative total shareholder return, they also would be required to compare it to the Generally Accepted Accounting Principles (GAAP) metrics of “pre-tax net income” and “net income,” plus a “Company-Selected Measure” that represents the “most important performance measure used by the registrant to link compensation actually paid during the fiscal year to company performance.”

Some other changes that could last beyond the pandemic include: Revising the pay mix by increasing the base salary as a percentage of total cash, to attract talent, reduce anxiety/improve mental health, and protect talent from being poached by the competition, especially given the tight labor market across industries.

Action Items Employers should be communicating their compensation strategies to their employees to ensure they understand their total value to the organization, said Clarke.

For WorldatWork Members The Mental Health Parity ‘Dream’: How You Can Support Your Employees , Workspan Daily Plus+ article;Workplace Well-Being Deserves a Fresh Look , Journal of Total Rewards article;Workplace Well-Being Trends , research; For Everyone 5 Ways You Can Raise Organizational Awareness of Mental Health , Workspan Daily article;Boost EAP Usage to Address Mental Health Support , Workspan Daily article;Despite Greater Mental Health Needs, Frontline Workers Less Likely to Seek Help , Workspan Daily article; This is part two of a two-part series examining health disparities and the workplace.

“Innovative rewards approaches help employers to differentiate themselves but typically employers want to do so in a manner that manages and controls risk to business operations,” said Alicia Scott-Wears, director of total rewards content at WorldatWork.