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Medical Savings Accounts The MSA adjustments impact business owners and current or former employees of small businesses that have a grandfathered ancestor of the more modern and widely used health savings account (HSA).

How AI Is Reshaping Jobs, the Workforce , Workspan Magazine article;How AI is Changing Total Rewards Functions and Roles , Workspan Magazine article;TR Is Key to Successfully Integrating AI and Work , Journal of Total Rewards article; For Everyone Structure, Definition, Clarity: The Business Case for Job Architecture , Workspan Daily article;Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Report: HR Leaders Say Three Gaps Are Impeding Their Organizations , Workspan Daily article; The labor market — in the United States and throughout the world — is undergoing profound upheaval.

With women making up nearly half of the U.S. workforce, menstruation, perimenopause and menopause are biological realities coming to the forefront of equity-conscious employers as they design benefits for the modern workforce.

“Modernizing education and tuition assistance programs are a key development strategy and can be used to best reflect how today’s workforce learns.”

Access bonus Workspan Daily Plus+ articles on this subject: ;Modernizing Pharmacy Benefits: A Total Rewards Opportunity; ;Use This Checklist Toward Modernizing Your Pharmacy Benefits; Components of ‘App-Like Simplicity’ The table below illustrates what workers are looking for in their pharmacy benefits, according to Evernorth’s research.

One of the hottest topics in modern HR and rewards management is, undoubtedly, how to apply information technologies (IT) into it, especially considering that businesses and workforces worldwide are becoming digital themselves.

“There are much more accurate, modern-day cannabis testing methods, like oral swabs, that are able to detect recent use and increase workplace safety.”

As Michele Parmelee, Deloitte’s global chief people and purpose officer, said , “Companies are starting to understand that if they want to succeed in Industry 4.0, they must create agile work environments and modernized workplace cultures where employees can continuously acquire new skills to keep up with the changing nature of work.”

One place to start is gaining an understanding the psychology of the modern workforce to create compensation packages that truly motivate and engage them.

Gordon Frost, Mercer’s Global Rewards Solution Leader , Workspan Magazine article; For Everyone Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Critical Considerations for Crafting an Effective Job Architecture , Workspan Daily article;A Framework for Fair and Consistent Pay Decisions , Workspan Daily article;5 Ways Comp Pros Can Maximize Their Market Management Tool , Workspan Daily article;Aligning Job Architecture and Market Data for Compensation Success , on-demand webinar; Organizations today are operating in an environment of constant change.