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In this course, you will be introduced to WorldatWork’s Total Rewards model and learn how to use it to align your strategy to your organization’s main drivers, resulting in a Total Rewards program that helps recruit, engage and retain top talent.

To get the most out of this course, you will need to have working knowledge of the WorldatWork Total Rewards model, compensation fundamentals of a Total Rewards strategy and an understanding of labor regulations.

There’s particular interest in alternative plan designs , WTW found, with 41% of employers currently adopting these models and another 46% planning to do so by 2027.

For example, as is probably well-known to readers of this journal, the value of stock options is calculated for accounting purposes using an option pricing model (most often the Black-Scholes model) incorporating: the current stock price; the exercise price; the expected life of the option; the expected volatility of the stock over the expected life of the option; the expected dividend yield over the expected life of the option; and the risk-free rate over the expected life of the option.

Where many organizations have traditionally embraced pay-for-performance models, the approach has proved problematic under new regulatory examination.

Armed with preferences and a crisp matrix of alternatives and costs, different bundles of change were modeled.

Managed accounts, which provide personalized savings and investment models based on participant data, offer a prime example of how data-driven insights enhance engagement and effectiveness.; ;Technological integration.

.; Harmonization as a Solution To address these challenges, organizations can implement the following cross-divisional harmonization strategies: ;Establish a corporate-wide governance model.

Most employees believe their work-life balance has improved since the onset of COVID-19, as a result of the flexibility to work remotely (either fully or in a hybrid few days a week model).

As you look to invest in employee growth, think hard about what career progression in your organization looks like, and recognize that many employees place value on acquiring diverse skills and experiences rather than a traditional climb-the-ladder growth model.