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For WorldatWork Members Modernizing Pharmacy Benefits: A Total Rewards Opportunity , Workspan Daily Plus+ article;Use This Checklist Toward Modernizing Your Pharmacy Benefits , Workspan Daily Plus+ article;Health Insurance Selection Checklist for Employees , Workspan Daily Plus+ article;Pay Today, Save Tomorrow?

Long work hours with low pay and no protection for working children evolved into federal and state wage-and-hour laws, which are the cornerstone of the modern working world.

The resurgence of skill-based pay reflects the growing need to address modern workforce challenges and evolving business priorities.

Key takeaways include: How to align compensation planning with business and talent strategies including pay-for-performance;Best practices for managing merit cycles and incentive programs with confidence;Strategies to streamline approvals, reduce manual errors, and gain real-time insights;Ways to improve total rewards communication and manager enablement; Whether you’re preparing for year-end or looking to modernize your compensation approach, this webinar will give you the tools, insights, and technology to drive greater value from your compensation programs.

Many organizations have settled into a third modern era of pay design that is largely characterized by monotony and a considerable reduction in variety.

Hybrid or remote working policies, flexible schedules , mental health benefits, pensions, and tailored perks such as wellness programs or lifestyle discounts are solidifying their place as critical components of a people-first approach in the modern workplace.

He stated, “There are many issues that require regulatory clarity and stability so that the system can function properly, including (1) modernizing defined contribution plans to include alternative investments, such as private equity and cryptocurrency ; (2) the consideration of ESG [ environmental, social and governance ] factors; (3) the fiduciary rule as applied to [individual retirement account] rollovers; (4) mental health parity; (5) plan forfeitures; (6) pension risk transfers; (7) tobacco and vaccine surcharges and wellness programs; (8) managing pharmacy benefit managers and healthcare costs; and (9) cybersecurity to protect participants assets — just to name a few key issues.

Residual Cash Earnings: A Modern Version of Economic Profit While our analysis shows the relationship between most financial measures and TSR outperformance is fluid over time, companies that consistently grow residual cash earnings (RCE) — a modernized version of economic profit — consistently outperform on TSR.

And then we’ll review a set of refreshed best practices for reengaging the modern workforce in challenging times.

For WorldatWork Members Modernizing Pharmacy Benefits: A Total Rewards Opportunity , Workspan Daily Plus+ article;Use This Checklist Toward Modernizing Your Pharmacy Benefits , Workspan Daily Plus+ article;Health Insurance Selection Checklist for Employees , Workspan Daily Plus+ article;Pay Today, Save Tomorrow?