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The challenge, particularly for organizations in industries like healthcare, is designing incentive systems that promote high performance and do so in a way that aligns with ethical standards and legal requirements.

“[The DOL final rule] would have disrupted the construction industry, specifically harming small businesses, restricting employee workplace flexibility in setting schedules and hours, and hurting career advancement opportunities.”

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Might they vary by ownership structure or industry or geography?

“This is exactly the rhetoric exhibited by the UAW and echoed by politicians,” Miller said, pointing out that not all businesses will have recouped returns as seemingly large as those in the automotive industry.

Consider industry benchmarks and what is competitive in your industry or market.

., 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.

Understanding how your workforce compares to industry standards helps identify where to focus resources.

Transportation and Gig Workers Hit Hardest According to Scott-Wears, transportation, supply chain, frontline and other related industries and roles are being disproportionately impacted, facing immediate margin and income pressure from higher diesel and gas costs.

AI’s ability to boost productivity and supplement talent gaps will affect some industries and positions more than others.