Searching Compensation on page 39

“We may change this practice in the future, but for now we wanted to keep compensation simple.”

Inflation and the labor market’s voluntary turnover rate may be dropping, but organizations are continuing to use compensation to distinguish themselves from competitors.

Unions clearly are enjoying renewed vitality, and understanding the burgeoning influence unions possess can help TR professionals consider its potential effect on compensation, benefits and even executive compensation.

.; Presenters Greg Stoskopf Managing Director | Deloitte Consulting LLP Greg Stoskopf is a Managing Director in the Human Capital practice at Deloitte Consulting LLP, where he leads the US Compensation Community of Practice.

;Even the least-frequently included types of compensation, such as special one-time equity/stock-based grants, are (or likely will soon be) included in pay equity analysis by more than a quarter of respondents.; “If companies conduct an analysis only on base pay, they could be leaving out important elements of total compensation,” said Emily Cervino, CEP, head of industry relationships and thought leadership at Fidelity Stock Plan Services.

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“If at least half the expected compensation is derived from commissions, bonuses or overtime pay, the contractor must now disclose the overall compensation that it in good faith believes will be paid for the position.”

The higher predicted 3.3% average suggested that a portion of respondents were anticipating notably higher increase budgets going forward, perhaps as they expected to compensate for pay increases that were delayed or deferred in prior years and to address increasing labor market pressure.

.; Presenters Chad Atwell Founder and Principal Advisor People-Centered Pay, LLC With more than 25 years of experience in Total Rewards, Chad Atwell has built his career at the intersection of compensation strategy, technology, and employee experience.

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 ; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.