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Proficiency Levels: 1 = None; 2 = Basic; 3 = Intermediate; 4 = Full Section 1: Administrative and HR Compliance Essential Knowledge Rating Training Needs Time and attendance: Proficiency with payroll software, approving time-off requests, and managing schedules and overtime.

Actions to consider include: ;Offer comprehensive wellness programs that can increase the overall health of your workforce and potentially identify conditions and treatment before they become more significant.; ;Implement strategies like centers of excellence for costly procedures (e.g., organ transplants, cancer treatments), which can provide quality care at a lower, negotiated rate.; ;Pursue pharmacy benefit management (PBM) strategies to manage high-cost specialty drugs like glucagon-like peptide-1 (GLP-1).; 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 Benefits; ;Finance and Budgeting; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Minnesota passed its own law May 17 (effective Jan. 1, 2025), and Maryland updated its pay transparency law on April 25, requiring employers to provide salary ranges on job postings (effective Oct. 1, 2024).

Issue 1: Share Reserve Typically defined as the number of shares requested for post-IPO equity awards, a share reserve is the “bank” of shares upon which the organization draws as it grants equity-based LTI awards (e.g., stock options, restricted shares).

LEVEL 1 — OCCUPATIONAL OUTCOMES In Level 1, you measure the “occupational outcomes” of the wellness program, the effect of the program on your absence costs, and for EAPs, the program’s turnover rate, too.

Ideally, individuals go through a selection process for a career and then optimize the core competencies to become experts within an industry.

The pivot to remote and flexible work, additional caregiving responsibilities, and increased stress and burnout in work and life have affected employees across the board, at all levels and in every industry.

Until recently, transactions within the professional services sector have been mostly in the form of industry.

They affect workers in all types of industries.

A 2018 report from McKinsey, for instance, found employers that are more diverse and inclusive also were 35% more likely to perform above their respective national industry medians.