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To illustrate why, Figure 3 shows how the spike in raw ingredient costs would flow through the regional manager’s pay with value-based incentives.

In fact, WTW’s most recent “Global Benefits Attitudes Survey” of part-time employees indicates that a top priority for these workers is to have more flexibility in their work (including more options in when they work, more generous paid time off and sick leave, and the option to work from home), better retirement benefits and more support in helping them manage their health (WTW 2022c). 3.

For example, if an employer has a 3% pay budget, should it use that for bonuses or pay raises?

Organizations that provide or facilitate paid leave (compensation); working parent support and resources (benefits), who cultivate thriving at work and home (well-being), engage in communication about career planning (recognition) and strategically plan for work coverage and returns (development) build cultures that encourage and enable employees to succeed, thereby driving positive short- and long-term business outcomes. 3.

.; 3.

The left side of Figure 3 lists the current top skills for a compensation professional.

In addition, EBRI’s survey found that more than 1 in 3 employers worry that the financial benefits they offer aren’t customized or personalized enough.

Human Resource Management 54(3): 423-426.

LEWIS: More than 1 in 3 employers had a renewed focus on career well-being, recognizing that career development is the top factor.

Harvard Business Review, June 3. https://hbr.org/2014/06/work-life-balance-through-interval-training.