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“Modernized and simplified compensation programs will be a cornerstone of competitive and compliant compensation programs in the future.”

One place to start is gaining an understanding the psychology of the modern workforce to create compensation packages that truly motivate and engage them.

Gordon Frost, Mercer’s Global Rewards Solution Leader , Workspan Magazine article; For Everyone Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Critical Considerations for Crafting an Effective Job Architecture , Workspan Daily article;A Framework for Fair and Consistent Pay Decisions , Workspan Daily article;5 Ways Comp Pros Can Maximize Their Market Management Tool , Workspan Daily article;Aligning Job Architecture and Market Data for Compensation Success , on-demand webinar; Organizations today are operating in an environment of constant change.

This work explores how companies can address conscious and unconscious bias, increase psychological safety, thwart stereotypes and view and support employees as individuals who are working and collaborating in the same modern era.

Automating old and outdated rewards programs may provide some minor gains in productivity, but organizations that first take the time to modernize their job architectures, consolidate their job catalogs and simplify their incentive programs, to name a few, can then leverage AI to perform more sophisticated analytics that result in meaningful insight.

For WorldatWork Members Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Inventory Checklist , tool; For Everyone Most of Your Workers Will Likely Regret Their Open Enrollment Choices , Workspan Daily article;Open Enrollment Is an Opportunity for Education and Engagement , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Is Your Organization Living Up to Its Employee Value Proposition?

For WorldatWork Members From Jobs to Skills to Outcomes: Leading the Evolution in Total Rewards , Workspan Magazine article;How Employers Can Structure and Communicate Appropriate Pay Bands , Workspan Daily Plus+ article;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article; For Everyone Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Critical Considerations for Crafting an Effective Job Architecture , Workspan Daily article;The Current Leading Practices in Building Job Architecture , Workspan Daily article;Job Architecture for the Future of Work , on-demand webinar; American nonfarm employers added just 64,000 jobs in November and unemployment (in terms of claims and percentage rate) showed an unhealthy rise, according to data released Tuesday, Dec. 16 , by the U.S.

. ; ; Ihrke also offered these strategies to help employers respond to rising overall healthcare costs : ;Modernize plan offerings to optimize high-performing healthcare delivery strategies, coupled with options that meet individual needs from affordability to savings. ; ;Evaluate vendor partnerships by conducting analytic performance reviews, audits and marketing to identify the best financial optimal partners to meet objectives . ; ;Prioritize micro-strategies for the key cost drives balancing attraction and retention.

For WorldatWork Members 4 Reasons Performance Ratings Aren’t Vital to the Compensation Cycle , Workspan Magazine article;Compensation Structure Policies and Practices , research;Salary Benchmarking , tool; For Everyone Navigating the Architecture and Benchmarking Challenges of Hybrid Jobs , Workspan Daily article;Architect the Comp Team by Considering Size, Structure, Roles , Workspan Daily article;Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article; If you are a compensation professional, the annual cycle is your moment in the spotlight.

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