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Often, a single job grade and pay range do not provide enough earnings opportunities to recognize the increasing levels of seller proficiency.

Employers recognized that the modern workforce is no longer motivated by a single definition of value, and employees increasingly expect rewards that reflect their lived realities — whether that’s caregiving, financial resilience, global mobility or personal well-being .

As of 2020, a single male age 55 in good health paid $1,750 per year for LTC insurance.

“Any change should add value and be carefully crafted, versus simply doing what we read about in the news that a single employer is doing.

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“I think the most significant single critical component of successful communications,” Hudner said, “is the ability to craft and articulate the message across audiences in a consistent way.”

Other recent research on inequities from the MIT Sloan School of Management found lower 401(k) contributions among Black and Hispanic workers and single parents, while contributions were higher among white workers, workers with more liquid wealth and those with well-off parents who conceivably could help in a financial pinch.

It will be interesting to see whether a divided Congress embraces the extremes on healthcare policy — with some Democrats once again embracing single-payer solutions and some Republicans pushing further toward open-market solutions — when this polling data shows that they would be wise to embrace the employer system and thereby attract general-election voters, especially independents.

Beyond broadening thresholds and maximums, target performance can be broadened to a range instead of a single point.

An additional 13% have incorporated a single ESG dimension into their incentive systems; 16% utilize two ESG dimensions; and, remarkably, nearly 60% of the companies report incorporating all three dimensions into their incentive systems (see Figure 6).