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Legally-driven analyses often define very narrow employee groupings and can include as many as hundreds of different multiple regression models.

Related Courses This learning experience is part of WorldatWork’s suite of Excel mastery courses, which include: Advanced Excel Skills for Compensation Professionals;Analyzing & Automating Rewards Data with Excel;Creating a Dynamic Incentive Modeling Tool;Designing Powerful HR Dashboards;Excel Skills for Compensation Professionals;Excel Power Query;Job Titles & Grades: Creating an Interactive Matrix in Excel;Regression Analysis Made Easy with Excel;Working Smarter & Faster with Excel Formulas; Policies View our Return/Cancellation policies and more here .

Through February, employers announced 156,742 job cuts, the lowest January-to-February total since 2022, when 34,309 cuts were recorded in the first two months of the year.

“To do this well, employers need a solid infrastructure and governance model around compensation.”

Go Beyond Compensation Carol Leaman, CEO and co-founder of Axonify, which trains frontline workers, said organizations will have to use multiple levers in their total rewards model to fill labor shortages this time of year.

.; When creating new incentive plans or changing existing ones, compensation and total rewards professionals can draw from a wealth of data and analytical tools .

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For WorldatWork Members The Role of Employee Ownership in Total Rewards Strategy , Journal of Total Rewards article;The Equity Alternative: Rewarding Employees Without Traditional Stock , Workspan Daily Plus+ article;The Trust Equation: Building Trust Through Total Rewards , Workspan Daily Plus+ article;Pivot on Pay: Getting Creative to Attract and Incentivize Talent , Workspan Magazine article; For Everyone Might ESOP Benefits Put the Success in Succession?