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As the Industrial Revolution unfolded, the bureaucratic hierarchical organization became the prevalent model in the market.

WD: Which pay models could impact rewards strategies in the future?

Remuneration committees should evolve into people or culture committees so they set a broader, more strategic role in setting executive pay.

The DOL’s proposed $20,000 increase in salaried workers’ eligibility for overtime is large enough that businesses are concerned about difficult-to-manage changes to their budgets and business models.

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If finalized, the proposed rule would help protect approximately 36 million workers in indoor and outdoor work settings and substantially reduce heat injuries, illnesses and deaths in the workplace.

The ubiquitous use of generative AI, driven by access to large language models, is promising to fundamentally transform the way we implement pay.

Retention assumptions break down, pay-for-performance models lose their accuracy, and equity decisions get made by exhausted managers.

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Many companies set their pay targets at the median or 50th percentile — right in the middle of the market.