Searching executive compensation on page 56

People who are ambitious, confident in their ability and willing to put their all into their work might be willing to accept a lower salary (certain income) if there is a greater incentive opportunity tied to performance that might result in higher total direct compensation.

Regulations 541.200-541.204 further explain the exemption’s main components and offer examples of positions meeting the duties test, including: ;Human resources managers who formulate, interpret or implement employment policies and management consultants who study the operations of a business and propose organization changes generally meet the duties requirements for the administrative exemption.; ;An executive assistant or administrative assistant to a business owner or senior executive of a large business generally meets the duties requirements for the administrative exemption if such an employee, without specific instructions or prescribed procedures, has been delegated authority regarding matters of significance.; ;An employee who leads a team of other employees assigned to complete major projects for the employer (such as purchasing, selling or closing all or part of the business, negotiating a real estate transaction or a collective bargaining agreement, or designing and implementing

.; In addition, the survey found skills-based promotions are on the rise — from 30% of organizations utilizing the practice in 2023 to 41% in 2024 — yet only 27% of executives currently believe their workforce models are agile enough to pivot talent effectively.

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.

ChatGPT could be used initially to assist in daily compensation-related work including generating reports, aggregating market data, evaluating the drivers of pay equity analysis and more.

“You should be creating compensation guides to help managers understand your compensation philosophy,” said Total Reward Solutions’ Faurote.

BDO data found about half of the organizations it surveyed recently increased salary budgets, with those compensation budgets averaging 5.1% overall and 5.4% among for-profit.

Amazon’s Workplace Safety Chief to Leave Next Month CNBC has reported that Amazon’s top executive overseeing workplace health and safety is leaving the company next month .

“Otherwise, their employees will have very different experiences simply based on location, and that runs the risk of reducing employee trust and engagement,” said Gail Greenfield, executive vice president of pay equity and total rewards strategy and solutions at Trusaic.

This spreadsheet template provides the framework, stages and steps to enable data-driven decisionmaking, provide consistency across managers and reinforce the organization’s compensation philosophy.