Searching Pondering Equity-Based Long-Term Incentive Plans on page 40

Determining a Starting Salary While skill-based pay is a concept that recruiters and hiring managers have been factoring into decisions on starting salary, more formal skills-based pay or pay-for-skills programs are on the rise.

Across the board, this broader economic uncertainty is impacting how employers rebalance their approach toward customized executive compensation solutions, as 71% of respondents recognize that offering executive benefits is important for long-term retention but must watch the bottom line as well.

Thousands of companies have made diversity, equity (including gender equity) and inclusion a key element of their organizational talent strategy, giving working women additional leverage to prioritize benefits.

The number of long-term unemployed (those jobless for 27 weeks or more) changed little over the month, at 1.9 million, but is up by 397,000 over the year.

While the term “merit” implies a performance-based increase, in reality, at most organizations it’s a “catch-all” for a wide range of factors,” she said, such as market movement, equity and performance.

Companies that get it right will be best positioned for immediate success, gain a long-term edge in the competition for talent and create sustainable long-term value.

“In my experience, concerns about equality and equity often involve discretionary comp and equity interests.

The WorldatWork study, which reflects TR programs and practices for the 2023 plan year, covered offerings from base pay and incentives to paid/unpaid time off and retirement to development opportunities and workplace flexibility.

Key Takeaways Offering incentives.

Access a related Workspan Daily article on this subject: ;‘Neither Dead nor Dying’: Studies Explore the Current State of DEI; Access a bonus Workspan Daily Plus+ article on this subject: ;From Program to Core Strategy: Workplace Equity Evolves to Endure; Reframing Programs Many organizations are using new terms to describe their programs — substituting “culture” or “belonging” in place of “diversity, equity and inclusion” (DEI) as a formal name — while maintaining the original spirit and benefits, said Kara Dennison, the head of career advising at Resume.org.