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Related Courses This learning experience is part of WorldatWork’s suite of Excel mastery courses, which include: Advanced Excel Skills for Compensation Professionals;Creating a Dynamic Incentive Modeling Tool;Designing Powerful HR Dashboards;Dynamic Arrays: Excel Turbo Charged;Excel Skills for Compensation Professionals;Excel Power Query;Job Titles & Grades: Creating an Interactive Matrix in Excel;Regression Analysis Made Easy with Excel;Working Smarter & Faster with Excel Formulas; Policies View our Return/Cancellation policies and more here .

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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Key Takeaways ;Trump Pitches New Retirement Plan for Workers Without 401(k)s; ;Research Identifies Three Cracks in Global Labor Market; ;Employers See Need for Enhanced Benefits That Address Major Life Events; ;Michigan Bill Aims to Install AI Guidelines for Employers;Novo Nordisk to Lower Costs of its GLP-1 Medications;Largest New York City Nurse Strikes Ends After 41 Days; ;Figures and Facts of the Week; Trump Pitches New Retirement Plan for Workers Without 401(k)s Private-sector workers who do not have employer-sponsored retirement plans could be able to enroll in a new plan modeled after one offered to federal workers starting next year, U.S.

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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is to model it out based on how that peer group has performed in prior years, and this requires a lot of work to create historical reference points.

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

Related Courses This learning experience is part of WorldatWork’s suite of Excel mastery courses, which include: Advanced Excel Skills for Compensation Professionals;Analyzing & Automating Rewards Data with Excel;Creating a Dynamic Incentive Modeling Tool;Dynamic Arrays: Excel Turbo Charged;Excel Skills for Compensation Professionals;Excel Power Query;Job Titles & Grades: Creating an Interactive Matrix in Excel;Regression Analysis Made Easy with Excel;Working Smarter & Faster with Excel Formulas; Policies View our Return/Cancellation policies and more here .

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.