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See Issue Workspan Magazine, Feb-March 2024 In this issue of Workspan, we examine the union effect on compensation and benefits.

Historically, companies have reported executive compensation as it was valued when executives received it, which fluctuates based on the company’s stock price.

Instead, compensation is generally managed by HR, the CEO or another executive.

For WorldatWork Members Global Compensation — Taming a Complex Challenge , Workspan Magazine article;The Role of Employee Ownership in Total Rewards Strategy , Journal of Total Rewards article;Identify and Build a Wide Talent Moat , Workspan Magazine article; For Everyone International Remuneration: An Overview of Global Rewards , course;Winning Talent with Global Benefits and Total Rewards , webinar;Building a Global Benefits Strategy Requires a Nuanced Approach with Expert Support , Workspan Daily article;Clear Communication Around Equity Shares Benefits Companies and Employees Alike , Workspan Daily article; Reuse Permission In an intensely competitive landscape where large organizations are racing — and competing among themselves — for top talent, startups often find themselves overshadowed.

Best-in-class sales organizations consistently conduct mid-year sales compensation program audits, or health checks.

Sales Compensation Strategies Sales compensation is a critical component of driving profitable growth.

But, according to WorldatWork member James Harvey, managing partner of Alliance Compensation, compensation professionals should also consider what a promotion and a downgrade or demotion looks like in their organization, “then think about lateral moves and how they fit into employee-movement decisions.”

Action Items In order to create a coherent conversation on compensation, leading organizations now offer tailored training for managers on their role in how the compensation program works and how to communicate it effectively.

., median intern pay jumped 19% at 16 top firms studied by Levels.fyi, which analyzes compensation data submitted by users.

;Compensation as a Differentiator: Learn how a well-structured, competitive compensation strategy can set your organization apart.