Searching Pondering Equity-Based Long-Term Incentive Plans on page 32

Both would earn an incentive based on a successful sales outcome.

., age, gender, marital and family status, location, salary);; ;Types and number of benefits plans (e.g., three healthcare choices, two pension plans);; ;Eligibility criteria;; ;Employee enrollment/participation rates;; ;Elective contributions/employer matching;; ;Investment choices/fund performance;; ;Benefits utilization (which can be manipulated by demographics);; ;Employer and employee costs (out-of-pocket costs for each);; ;Turnover and retention rates; and,; ;Industry benchmarks .; TR pros may collect this data through several methods, such as: ;Employee surveys.

Beyond base compensation, Camm said, they should emphasize: Short-term incentives tied to annual company profitability;Long-term incentives aligned with creating value over the next five to seven years;A structured employee development program, and;Comprehensive health, welfare and time-off benefits.; Michael Citron, a principal and compensation and rewards consultant at Mercer, noted that within the past few years, his company has seen pay expectations (and resulting pay movement) rise at a rapid pace.

Directly linking TR and performance means basing compensation and rewards decisions, such as merit increases or incentive payouts, on how employees perform against set goals and competencies, said Christina Hussong, the senior director of work and rewards and the global incentive plan design solution leader at consulting firm WTW.

ZONE STATUS The Pension Protection Act of 2006 (P.L. 109-280; PPA) created a four-zone classification system for multiemployer pension plans based on their funded status.

SECURE 2.0 Act could provide nearly 20 million new American workers with access to the workplace-based retirement system through a brand-new safe harbor 401(k) plan.

Organizations can help mitigate the problem by putting guardrails in place for remote workers and offering a slew of well-being resources to their entire employee base, experts assert.

The plan would replicate the United Kingdom’s pension system, which mandates every employer — even those with just one employee — enroll staff into a pension plan and contribute to it.

It speaks to both equity in access to high-paying roles, as well as pay equity — equity in pay between those similarly situated.

Sales managers also use these discussions to communicate shifting priorities along with region or company performance, all helping the seller feel integrated in short-term priorities and long-term mission.