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“The only way to understand the best choice for you as a company is to model it out based on how that peer group has performed in prior years, and this requires a lot of work to create historical reference points.

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The DOL’s proposed $20,000 increase in salaried workers’ eligibility for overtime is large enough that businesses are concerned about difficult-to-manage changes to their budgets and business models.

That doesn’t mean every worker will need to know how to write code or build AI models — but some familiarity with the technology as it relates to workers’ respective industries will likely soon be a job requirement for most people.

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See Issue Journal of Total Rewards Q2 2021 Statistical models from pay equity analysis can drive significant insights about compensation philosophies that managers apply in different areas.

The company is also using its parental leave policy to build a workplace culture that models the premise that caregiving, whether for children or elderly parents, is accepted.

As evidence, Mercer's recent Inside Employee Minds study noted that 92% of 749 surveyed organizations have adopted a hybrid model.

;Identify relevant performance and compensation measures and financial modeling.