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See Issue Journal of Total Rewards Q2 2024 Studies of a variety of topic rewards topics, from AI and pay transparency to career advancement to analyzing a pay gap.

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;Learn which data to select and how to analyze them to determine remediation needs.

Prior to joining Alexander Group, Davis worked as a consultant at FTI Consulting, a global firm specializing in forensic technology and financial analytics, where he analyzed transactional data from government agencies and Fortune 500 companies in support of class-action litigation.

; Sun noted that resources from the Economic Research Institute and survey vendors like Aon Radford and WTW can provide valuable insight into differences in cost of labor between locations based on published market data.

These dynamics, she added, create “a pressure-cooker environment,” and employers will need to balance myriad demands that include cost-mitigation efforts, pursuing quality within health plan and vendor offerings, and managing employee expectations — all while maintaining a competitive yet comprehensive health and benefit plan for their workforces.

For one large-scale compensation plan, Terry recalled seeking presentation assistance from the two vendors that were bidding to be involved in the project.

For example, Collinson urges employers to consider conducting an employee survey with the ability to analyze results by generation and/or age range.

The assessment should seek to: Clarify the corporate growth strategy driving revenue goals;Compare plans to sales compensation leading practices for each unique job;Analyze the connectivity between seller performance and earnings;Identify key opportunities for program improvement.; This assessment phase will likely help companies gain deeper insight into sales compensation plans and the associated program costs.