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While many companies have moved to quarterly goal setting and performance discussions, the year-end compensation review is a unique opportunity to recognize employees for their contributions during the past year.

“Are we the kind of place that demands everybody be here and follows this set of rules or the type of place that provides flexibility?”

“This wave of change is transforming the hiring process and setting a new standard for workplace fairness,” she said, adding there’s been a surge of recent legislative activity that has swept through nearly a dozen states, with others in the wings proposing similar legislation that is reshaping pay transparency norms.

The plaintiff, ATS Tree Services, had argued that the agency lacks such power and that noncompete contracts are a common tool to protect businesses such as itself by preventing workers, for a set time period, from joining rival companies or launching a competing business.

In fact, 37% feel the strategy of saving a set amount each month would make them more secure in their ability to retire.

These firms typically benchmark executive pay against a predefined set of peers or "best practices,” further driving companies toward standardized compensation structures.

AI, with continued advances in this emerging techno logy set, can provide tools for organizations to identify disparities between different groups of employees, gain insight into the drivers and root causes of these dispar ities , and even find solutions to mitigate or remediate them.

She urged organizations to avoid perpetuating pay inequities through variable pay by analyzing proposed bonuses before they are finalized — particularly with annual bonuses, which are awarded at set times and allow for proactive review.

Mentorship and reverse mentorship programs have proved to help foster trust and communication between employees of different ages as workers’ experience and skill sets are shared to bolster communication, trust and professional development.

“The traditional compensation model, which often hinges on job titles and seniority, can be rigid and fail to recognize the true value employees bring with their unique skill sets,” Bienstock said.