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Five states (Alaska, California, Colorado, New York and Washington), three New York counties as well as New York City currently have their own salary thresholds for overtime consideration.

Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Open Enrollment Is an Opportunity for Education and Engagement , Workspan Daily article;Employers Should Exhibit Ongoing Focus on Employee Well-Being and Engagement , Workspan Daily article;Incorporate AI to Personalize Financial Well-Being Benefits , Workspan Daily article;Winning Talent with Global Benefits and Total Rewards , webinar; More than half of workers end up regretting their open enrollment decisions, according to a recent survey from financial services firm Equitable, leading to dissatisfaction, health and financial challenges, reduced productivity, and a weakened employee value proposition .

Jones also noted employers should modernize their merit processes to eliminate stagnation and benchmark salaries against market data for informed decision-making.

For WorldatWork Members Voluntary Benefits’ Value Is Based on Integration into TR Package , Workspan Daily Plus+ article;ERISA Safe Harbor: The 4 Rules for Voluntary Benefits , Workspan Daily Plus+ article;5 Ways You Can Reduce Workers’ Open Enrollment Regret , Workspan Daily Plus+ article;Total Compensation Statement Builder , tool;Total Rewards Inventory Checklist , tool;Total Rewards Inventory of Programs & Practices , research; For Everyone A Compelling Case for Utilizing Voluntary Benefits , Workspan Daily article;How Different Generations View, Value and Select Voluntary Benefits , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Might Long-Term Care Benefits Resonate With Your Workers?

They are likely: ;“ Misaligned with the dynamic, multidisciplinary needs of modern organizations”;; ;“ Struggling to bridge the gap between the cost of services and the value they deliver”; and,; ;“ In need of substantial reinvention in both capability and mission to meet rapidly changing demands in the future.”; The report concluded teams such as HR “need to bring not just functional expertise but also pattern recognition around how to drive results in [specific business contexts].”

While cobras are less of a problem today, the principle remains applicable in modern business environments.

Employer plans here link to their well-being and DEI strategies, of course, but the focus is also to place newer, innovative solutions in these areas to modernize their portfolio.; Workspan : Companies are clearly prioritizing healthcare ROI.

What to Consider Since today’s workforce expects TR to reflect a modern value exchange, transparency is important, said Jess Von Bonk, a global HR transformation and technology advisory leader at Mercer.

The Time Is Ripe to Put Effort Here As contractors become an increasingly integral part of the modern workforce (the independent workforce in the U.S is estimated to range from 11.9 million to 65 million workers), you likely need to put time and effort here to ensure effective, compliant management.

For WorldatWork Members 20 Tips for Designing Inclusive Family Care Benefits , Workspan Daily Plus+ article;Addressing the Healthcare Gender Gap , Workspan Magazine article;Taking Progressive Steps in Gender-Inclusive Benefits , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research; For Everyone How Employers Can Address Women’s Growing Job Dissatisfaction , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Employers Can Move Needle on Persistent Physical Health Disparities , Workspan Daily article;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; According to the World Health Organization, around 1 in 6 people globally experience infertility —making fertility benefits a highly impactful addition to an employer’s total rewards package.