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And, according to a survey from AT&T that gauged executive and employee attitudes to COVID-driven hybrid working, 81% think hybrid work (part at home, part in the office) will be the foremost working model by 2024, with 56% of work done offsite.

Make Sure You’re Not Breaking Any Rules , Workspan Daily Plus+ article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Model: A Guide , tool; People naturally form their closest relationships in shared environments — from family gatherings and school activities through to their professional lives, where they likely spend 40-plus hours each week with the same coworkers.

WD: Which pay models could impact rewards strategies in the future?

How AI Is Reshaping Jobs, the Workforce , Workspan Magazine article;How Employers Can Structure and Communicate Appropriate Pay Bands , Workspan Daily Plus+ article;Total Rewards Model: A Guide , tool; For Everyone Structure, Definition, Clarity: The Business Case for Job Architecture , Workspan Daily article;Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Critical Considerations for Crafting an Effective Job Architecture , Workspan Daily article;The Current Leading Practices in Building Job Architecture , Workspan Daily article;Five Tips for Communicating Compensation in a Tight Budget Year , Workspan Daily article; A frontline manager opens the organization’s job architecture guide to prepare for a promotion conversation with a team member.

A computer model was utilized to match the relativity of points with the relativity in the salary market and to portray the relationship between points and pay with a linear trend.

Between May 2017 and September 2019, DoorDash used aguaranteedpay model that let Dashers see how much they would be paid before accepting a delivery.

Firms said they’re poised to transition from manual pay benchmarking and fixed incentive models to AI-driven predictive analytics and real-time salary adjustments by 2028.

For WorldatWork Members If Workers Feel Squeezed, Reinforce the Sum Total of Your Rewards , Workspan Daily Plus+ article;Steps You Can Take to Deliver to the Employee Value Proposition , Workspan Daily Plus+ article;Don’t Underestimate the Power of Non-Financial Rewards , Workspan Daily Plus+ article;Why It’s Time for a Compensation Philosophy Refresh , Workspan Magazine article;Workplace Well-Being Trends , research; For Everyone Work-Life Balance: Is the American Model Getting a Bad Reputation?

“The model is only as good as the data you put in.”

ASIA Fermin Diez Deputy CEO National Council of Social Service Singapore The combined effect of post-COVID circumstances, including the Great Resignation; the demographic shift toward Millennials being the largest percentage of employees; and the future-of-work trends, such as part-time and gig employment; means that compensation practitioners need to quickly come up with an overhaul of the rewards model for their companies.