Searching Compensation on page 51

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Employee Recognition; ;Finance and Budgeting; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

“The problem is that many companies are relying on decades-old compensation and leveling structures that were meant for managing compensation — not communicating about compensation,” she said.

The annual survey revealed various compensation insights from organizations across the globe, including that approximately half of organizations in the U.S., Canada, India and the United Kingdom reported negative economic impacts due to the fallout from the global pandemic.

Learn: Sales Compensation: Foundation and Core Principles Some of these areas have a direct impact on sales compensation plan design, others are areas being contemplated for the change needed in a sales rep’s skills, traits, drivers and/or behaviors.

Pew’s research, conducted in early February with 5,902 respondents, did not surprise experts in the compensation space, as the push for pay transparency via legislation and as part of an effective compensation strategy has no doubt emboldened more women to seek higher pay.

Compensation Implications What are the compensation implications from this type of legislation if organizations were to participate in a four-day workweek?

For WorldatWork Members WorldatWork’s Salary Budget Survey , research;Compensation Immersion Program , course;Performing a Pay Equity Analysis , course;Cracking the Compensation Code: Connecting Pay Strategy, Transparency and Benchmarking , on-demand webinar; For Everyone Global Salary Increase Budgets Contracting; U.S.

Editor’s Note: Additional Content For more information and resources related to this article see the pages below, which offer quick access to all WorldatWork content on these topics: Employee Compensation ;Finance and Budgeting ;Organizational Performance ; You have to login to perform this action.

“The rapid rise in salary increase budgets over the past couple of years, combined with today’s volatile economic environment, challenge HR pros to leverage data and think strategically as they formulate 2024 compensation budget recommendations and negotiate with CFOs,” said Sue Holloway, CCP, CECP, content director at WorldatWork.

See Issue Workspan Magazine, December 2024 -January 2025 Inthisissue: Compensation staff size; bonus backfires; childcare benefits; predictions on coming rewards strategies; self-funding sales compensation; more.