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Access bonus Workspan Daily Plus+ articles on this subject: ;Modernizing Pharmacy Benefits: A Total Rewards Opportunity; ;Use This Checklist Toward Modernizing Your Pharmacy Benefits; Components of ‘App-Like Simplicity’ The table below illustrates what workers are looking for in their pharmacy benefits, according to Evernorth’s research.

One of the hottest topics in modern HR and rewards management is, undoubtedly, how to apply information technologies (IT) into it, especially considering that businesses and workforces worldwide are becoming digital themselves.

“There are much more accurate, modern-day cannabis testing methods, like oral swabs, that are able to detect recent use and increase workplace safety.”

With women making up nearly half of the U.S. workforce, menstruation, perimenopause and menopause are biological realities coming to the forefront of equity-conscious employers as they design benefits for the modern workforce.

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

"At the same time, the accelerating rise of technology and automation shows that modern, digitally enabled rewards strategies are now essential to staying competitive and delivering personalized experiences.

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.

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.

Automating old and outdated rewards programs may provide some minor gains in productivity, but organizations that first take the time to modernize their job architectures, consolidate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.

In other words, the biggest challenge for a modern rewards manager is to keep pace with the internationalization of the organization in recruiting and employing talented employees worldwide in both advising on the (im)possibilities of these new structures and implementing and managing them.