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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: ;Employee Compensation; ;Equitable and Diverse Workplaces; ;Finance and Budgeting; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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: ;Career Growth;Employee Experience; ;Employee Recognition; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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: ;Equitable and Diverse Workplaces; ;Finance and Budgeting; ;Organizational Performance; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Review and adjust board succession strategies to address changes in organizational needs and any new or emerging director skills the board may lack.; 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: ;Executive Compensation; ;Finance and Budgeting; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Zollo also noted if an employer doesn’t cover weight-loss GLP-1s today, these programs may seem like an economical way to add the coverage, but HR and total rewards professionals should consider the number of organizational employees that would seek coverage for these drugs to understand total cost.

Understanding Employee Perspectives In addition to offering pay transparency, employers must make sure their staff understands their salary and benefits, especially since less than half of workers in the US (48%) know their total compensation.

As of Sept. 30, there were 78 SoP failures for companies in the Russell 3000, seven more than the previous highest number of failures on record since SoP inception (71 total in 2021).

"Coupled with higher wages and the expansion of hours, these investments have not only resulted in lower turnover ... but have also increased hourly total cash compensation by nearly 50% since fiscal year 2020," the company said in a statement.

For WorldatWork Members Using Analytics to Fully Assess and Close the Pay Gap , Journal of Total Rewards article;Pay Inequity: Past, Present and Future , Journal of Total Rewards article;Getting Serious About Gender Gaps — Assessing Pay Equity in New Zealand , Workspan Magazine article;Examining the Progress on Pay Equity , Workspan Magazine article; A complete pay equity analysis (done with legal counsel to establish privilege and including a regression analysis ) is a must to understand where gender pay inequity shows up in an organization.

For WorldatWork Members Compensation Structure Policies and Practices , research;4 Reasons Performance Ratings Aren’t Vital to the Compensation Cycle , Workspan Magazine article;Salary Benchmarking , tool; For Everyone Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;How Pay Transparency Connects with Job Architecture and Employee Trust , Workspan Daily article;How to Optimize Compensation through Business Cycles: A Case Study , Workspan Daily article;Total Rewards’25 , conference; It’s a unique time for compensation practitioners.