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Organizations are rapidly shifting from role-based structures to fluid, skills-based workforce models, yet only 12% are mature in this shift today.; ;“Digital work twins” are moving from experimentation to practice.

For WorldatWork Members The Pros and Cons of AI Automation in Hiring , Workspan Daily Plus+ article;Workplace Models: How Are Organizations Maximizing Them?

IC is the “last mile” in the commercial model.

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

Another model, the challenge-hindrance stress model, further classifies job demands as challenge demands and hindrance demands ( Cavanaugh et al. 2000).

GIG ECONOMY AND GIG WORK – A CULTURAL AND INSTITUTIONAL FRAMEWORK Wharton’s Allon thinks the employment model of the future will be very similar to the gig economy model (Drake 2020).

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.

Related Courses This learning experience is part of WorldatWork’s suite of Excel mastery courses, which include: Advanced Excel Skills for Compensation Professionals;Analyzing & Automating Rewards Data with Excel;Creating a Dynamic Incentive Modeling Tool;Designing Powerful HR Dashboards;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 .

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.