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SLB’s total rewards leaders acknowledged that they had been taking a formal, paternalistic approach to benefits communication, potentially making them appear like an unapproachable German shepherd.

South Carolina House Bill 3435 , introduced Dec. 5, 2024, and referred to Ways and Means Committee; Senate Bill 126 , introduced Dec. 11, 2024, referred to Judiciary Committee; Senate Bill 234 , introduced Jan. 16, 2025, referred to Finance Committee; House Bill 3779 , introduced Jan. 16, 2025, referred to Ways and Means Committee Regarding these bills, University of South Carolina research showed most tipped employees in the state work in the tourism sector, including the hospitality industry, which comprises about 10% of the state’s total workforce.

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Over the past decade, our analysis of Russell 3000 pay data uncovered a significant shift in how organizations determine total executive compensation packages — including base salary, bonuses and long-term incentives.

Total rewards professionals, particularly those in organizations that have employees in multiple states, need to be aware of what is on the table and any applicable employment law changes that may be forthcoming.

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: Total Rewards ;Organizational Performance ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

When nearly 70% of your annual revenue is invested in rewards and incentives, it makes a compelling business case to optimize total rewards as one of the most powerful levers of organizational performance.