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Review fees from all vendors and clarify how they are structured.

.; ;Leveraging partners such as medical carriers, 401(k) administrators or independent vendors (e.g., Via Benefits ) to support retirees in exploring supplemental coverage options (e.g., Medigap, Part D, Medicare Advantage) once they’ve enrolled in “Original Medicare.”; “By focusing on timely, relevant education, HR teams can stay compliant while still empowering their workforce with the information they need for a smooth transition into retirement,” Rutter said.

Most recently she was Director, Total Rewards for Acumatica an ERP solutions technology firm in Bellevue, WA.

Recalibrating Performance Management and Rewards A new ecosystem of performance management and rewards platforms has emerged, distinct from legacy HR technology vendors.

To address this, companies like Peloton, for example, work with vendors to help employees with student-loan debts through programs similar to a 401(k) match.

(See our 2023 SPM Vendor Guide to start gathering information.)

;Subscribe to a pay benchmarking service through vendors in the space.; While the second group has a head start on this work, even these companies may need to ramp up their compensation capabilities, since they may need to increase both the volume and quality of their work.

“The guidance makes it clear that employers are responsible for their tools even if they’re designed or administrated by a software vendor,” he said.

For example: ;See if your benefit vendors offer engaging educational tools that you can utilize.; ;Integrate TikTok-style videos, on-demand content and personalized decision-support tools into your existing enrollment platforms.; ;Use AI tools to scale your content in ways that make it meaningful for multiple audiences.; “It’s never done from an optimization perspective,” Mowrer said.

For example, ready-to-purchase buyers often seek solutions, research vendors and make purchase conclusions before contacting a salesperson.