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“Noncompetes undermine this basic premise, locking workers in place and depriving our economy of the full benefits that competition delivers.

Additionally, by creating multiple performance periods within one award, companies can retain flexibility to set future performance goals and avoid being locked into a three-year goal that was determined at a market peak or trough.; ;Think about relative performance goals or wider ranges of performance goals.

These goals should be challenging but achievable and are often structured using the SMART moniker (specific, measurable, attainable, relevant and time-bound).

Then there’s artificial intelligence ; increased awareness of climate change; social and political transformation; the rise (perhaps until recently) of diversity, equity, inclusion and belonging initiatives; and the ubiquity of smart devices for personal and professional usage, to name a few others.

Bhakta claims the company requires employees to install software on personal devices they use for work, which allows Apple to access their email, photo libraries, health and “smart home” data, and other personal information.

As an example: Private equity and other types of alternative investments can be less liquid, requiring invested funds to be “ locked up ” for a period of time — often years.

“Instead, they are using flexible, on-demand talent to scale up closer to peak demand rather than locking in large numbers months in advance.

.; Place the Keystone A keystone is the final piece placed during construction, locking all other pieces in place and allowing the bridge or arch to bear weight.

Since employee retention is critical to a successful restructuring, companies typically implement retention awards as soon as possible to lock down key employees.

Other Options for Employers Given the fact that the majority of employees globally have indicated they would exchange pay for greater quality of life, finding ways to offer flexibility is a smart total rewards move, Ma said.