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“Right now, when most organizations model GLP-1 coverage, they find a net cost increase, not a savings,” Midlam said.

“HR platforms are becoming more holistic and predictive to help leaders not only manage compliance but anticipate talent needs, model compensation strategies and continuously update benchmarks based on real-time data.” — Ruth Thomas, senior VP of marketing, Payscale ‘A Different Approach Than Traditional Corporate Hiring’ Also in September, talent acquisition software provider iCIMS acquired Apli , an AI-powered recruiting company.

In the old model, where compensation and benefits were together outside of the U.S., we were creating a lot of unnecessary noise and redundant work.

This process required subjective judgment even when quantitative selection models were used.

Legally-driven analyses often define very narrow employee groupings and can include as many as hundreds of different multiple regression models.

Ultimately, many companies are considering a hybrid work model in the days ahead as a way to provide employees the flexibility they crave along with the social contact they need.

We’ll break down the most common global pay models, key design considerations, and best practices for successful implementation.

Companies are embracing new everything-as-a-service revenue models.

Related Courses This learning experience is part of WorldatWork’s suite of Excel mastery courses, which include: Advanced Excel Skills for Compensation Professionals;Creating a Dynamic Incentive Modeling Tool;Designing Powerful HR Dashboards;Dynamic Arrays: Excel Turbo Charged;Excel Skills for Compensation Professionals;Excel Power Query;Job Titles & Grades: Creating an Interactive Matrix in Excel;Regression Analysis Made Easy with Excel;Working Smarter & Faster with Excel Formulas; Policies View our Return/Cancellation policies and more here .

See Issue Journal of Total Rewards Q2 2021 Statistical models from pay equity analysis can drive significant insights about compensation philosophies that managers apply in different areas.