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Policy manuals, compensation philosophy statements and articles on managing compensation often use the terms “internally equitable” and “externally competitive” in reference to setting pay rates.

In this new and evolving world, it may not be surprising to learn mature rewards organizations are more competitive and agile, and get there by using diverse data sets to sense market conditions and the workforce’s wants and needs, and incorporating those insights to regularly update rewards offerings to emerge from a crowded market.

The BOK represents the complete set of knowledge and skills required for professionals working in the executive compensation field.

The role of interim CEO is unique in every organization, and there are important nuances to consider when setting their pay : Is the appointed individual from the executive team or board of directors?

Just days after California Governor Gavin Newsom signed into law a measure designed to set wages and improve working conditions for the state’s fast-food workers, a coalition of restaurant owners have moved to at least temporarily block the legislation.

Priority 3: Quota Setting Continues to Be the Largest Challenge Despite progress in other areas, quota setting remains the most persistent sales comp challenge (cited by 57% of respondents).

Residual Cash Earnings: A Modern Version of Economic Profit While our analysis shows the relationship between most financial measures and TSR outperformance is fluid over time, companies that consistently grow residual cash earnings (RCE) — a modernized version of economic profit — consistently outperform on TSR.

Nonetheless, he said, companies are increasingly recognizing the importance of board oversight of human capital to ensure they can attract, retain and motivate workers with the right skill sets.

He stated, “There are many issues that require regulatory clarity and stability so that the system can function properly, including (1) modernizing defined contribution plans to include alternative investments, such as private equity and cryptocurrency ; (2) the consideration of ESG [ environmental, social and governance ] factors; (3) the fiduciary rule as applied to [individual retirement account] rollovers; (4) mental health parity; (5) plan forfeitures; (6) pension risk transfers; (7) tobacco and vaccine surcharges and wellness programs; (8) managing pharmacy benefit managers and healthcare costs; and (9) cybersecurity to protect participants assets — just to name a few key issues.