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Key findings include: Efficiency Gains: Companies leveraging SPM solutions report faster incentive payment cycles and higher satisfaction with sales compensation workflows and over 80% of firms report that SPM solutions meet or exceed their expectations for return on investment and financial performance;Adoption Trends: Larger firms, particularly those with over 1,000 sales compensation participants, show the highest rates of SPM technology implementation, and when an SPM technology is used, firms are more likely to shift responsibility for sales compensation program management to a sales operations function.

In each issue of Workspan, our “Ask the Experts” column gathers insight from thought leaders and industry authorities on the rewards-related challenges that are top of mind for compensation professionals everywhere.

Workspan Quarterly 4TH QUARTER 2022 In the Q4 issue of Workspan, we examine the challenges that are front and center for compensation professionals.

“Many of the best compensation practices, such as ranges for positions, are a direct result of the focus on compensation created by Title VII and are increased by state and local pay equity and transparency laws.”

Certification Requirement CCP: Required Exam GRP: Required Exam Recertification Course Credits WorldatWork Recertification Credits Course and Exam Credits ;11 Compensation Credits; ; Exam Only Credits ;2 Compensation Credits; ; CEUs 0.9 Credits HRCI Recertification 9 Credits SHRM Recertification 9 Credits BEST VALUE 30% Savings CCP® Course and Exam E-Learning Bundle Includes all 8 courses and exams $976.50 USD/per course ($7,812 for all 8 courses

“Retention of top talent is a top priority and addressing compression and internal equity with the higher attraction salaries adds to a challenging compensation landscape,” said Alicia Scott-Wears, compensation content director at WorldatWork.

Editor's Note: Additional Content For more information and resources related to this article see the pages below, which offer quick access to all WorldatWork content on these topics: Employee Compensation ;Employee Benefits ;Employee Experience ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

The Conference Board report was based on a survey of 460 U.S. compensation leaders across industries, sectors and employer sizes from May 19 to June 20.

Excel Case Study: Using Excel Tools and Formulas to Build a Dynamic Merit Matrix On Demand until February 24, 2027 Facebook Twitter LinkedIn In this hands-on webinar workshop, Excel becomes a working tool for solving a familiar challenge: building a merit matrix that actually holds up during a compensation cycle.

A well-designed compensation strategy is foundational to attracting and retaining talent.