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The Financial Fluency Imperative for CHROs The modern CHRO must be fluent in: ;Cost of workforce as a percentage of revenue; ;Financial-metric (i.e., earnings before interest, taxes, depreciation and amortization, or EBITDA) sensitivity to compensation decisions; ;Headcount productivity ratios; ;Cash flow implications of incentive accruals; ;Long-term liability modeling; Without this fluency, TR remains tactical.

What to Consider Since today’s workforce expects TR to reflect a modern value exchange, transparency is important, said Jess Von Bonk, a global HR transformation and technology advisory leader at Mercer.

The Time Is Ripe to Put Effort Here As contractors become an increasingly integral part of the modern workforce (the independent workforce in the U.S is estimated to range from 11.9 million to 65 million workers), you likely need to put time and effort here to ensure effective, compliant management.

For WorldatWork Members 20 Tips for Designing Inclusive Family Care Benefits , Workspan Daily Plus+ article;Addressing the Healthcare Gender Gap , Workspan Magazine article;Taking Progressive Steps in Gender-Inclusive Benefits , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; For Everyone How Employers Can Address Women’s Growing Job Dissatisfaction , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Employers Can Move Needle on Persistent Physical Health Disparities , Workspan Daily article;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; According to the World Health Organization, around 1 in 6 people globally experience infertility —making fertility benefits a highly impactful addition to an employer’s total rewards package.

“It’s about making sure the provisions in the plans are modern enough to protect the risks of today, not the risks of 10 years ago.”

Employer plans here link to their well-being and DEI strategies, of course, but the focus is also to place newer, innovative solutions in these areas to modernize their portfolio.; Workspan : Companies are clearly prioritizing healthcare ROI.

Should a salesperson get 2% of the incremental revenue they’re driving?

The FTC submitted a 75-page brief on Thursday, Jan. 2, in the U.S.

Starbucks Sets 2% Raise for All Salaried Workers As reported Tuesday, Aug. 19, by Bloomberg , Starbucks Corp. will give all salaried employees in North America a 2% raise this year as the coffee chain looks to pull off a high-stakes turnaround and manage expenses.

Employers must keep a distinct record of the qualified overtime premium compensation and report it as a separate line item on IRS Form W-2 for employees and Form 1099 for nonemployees.