Searching Pondering Equity-Based Long-Term Incentive Plans on page 46

Noting shifting views on incentive strategy and design, benchmark reports from the two leading proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co. , have signaled emerging skepticism toward performance-based equity compensation and increasing support for time-based awards.

As ERISA-governed retirement plans, ESOPs are managed by plan fiduciaries who must prudently oversee the plans’ investments with undivided loyalty to the interests of the plan’s participants and beneficiaries.

For WorldatWork Members ;How to Leverage Skills Testing for Total Rewards Success , Workspan Daily Plus+ article; ;A Step-by-Step Guide to One Skills-Based Org Lever TR Can Pull , Workspan Daily Plus+ article; ;AI and the Skills Evolution: Where the Total Rewards Function Fits In , Workspan Daily Plus+ article; ;How to Incorporate Skills into Rewards and Recognition , Workspan Daily Plus+ article; ;Compensation Philosophy Guide , tool; Workplace advancements have long been fueled by new processes, technologies and methodologies that require the development of new skills.

And as the pandemic continues to hammer companies in various industries, more businesses will need to consider layoffs or furloughs to maintain long-term operations.

Prior to that, serving on the senior leadership team and as Vice President, Compensation for MassMutual Financial Group, she led the strategic design and implementation of a creative approach to Performance Management resulting in meaningful coaching and development for employees, redesign of short-term incentive plans to better align goal achievement with company performance and strategy, strengthened gender pay equity practices, became a recognized Thought Leader by the CEO, and served as a member of the Diversity, Inclusion, Equity Leadership Committee to lead culture change across the enterprise.

Trends in DEI Practices and Policies This report summarizes the results of a June 2021 WorldatWork survey gathering information about diversity, equity and inclusion (DEI) initiatives.

Retiree plan participants If you have a dedicated plan for retirees, check your plan documents to determine if there is an open enrollment period, which may differ from that for your current employees.

According to the Alexander Group survey, participants are doing so by: ;Making mid-year plan design changes.; ;More frequently reviewing the sales comp dashboard/effectiveness metrics.; ;Changing the plan measure(s) and weights.; ;Making mid-year quota adjustments.; ;Increasing the use of a sales compensation committee to review issues and make adjustments.; ;Using more special performance incentive funds (SPIFs).; Sellers typically do not like changes to their pay structures.

A sales incentive plan, the most important component of rewards for a salesperson, is a communication tool.

As the pandemic has worn on and burnout has escalated, especially among women and younger employees, the “Great Resignation” — or Great Reshuffling as some have termed it — has taken hold, with an increasing number of employees willing to leave or turn down promotions in order to preserve their mental health.