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“The pipeline is very full of weight-loss drugs, and [the] pharma [industry] is focusing on this class of drugs — it won’t be going away anytime soon,” Midlam said.

Chavez-DeRemer takes over a Department of Labor (DOL) that had nearly 16,000 full-time employees and a proposed budget of $13.9 billion for fiscal year 2025.

The manufacturer avoided this pitfall by clearly defining the core seller’s focus — selling a full portfolio of products at the right price to the assigned customer — before designing their pay-for-performance plan.

Additionally, the partnership also can harness the full potential of data, Turba said, such as: ;Spotting retention risks before they become exit interviews.; ;Identifying high performers before competitors poach them.; ;Tailoring rewards before employees even think about leaving.; “The collaboration between IT and HR/TR is not just about combining resources — it’s about creating a more integrated, efficient and forward-thinking organization,” she said.

HR professionals, acknowledging workers’ financial concerns while struggling to balance tighter budgets, listed increasing revenue and reinforcing the full value of total rewards packages as strategies they plan to employ moving forward, according to a recent report from the Society for Human Resource Management (SHRM).

People new to their roles who possess the minimum qualifications and who lack full competence are typically paid in the lower part of the pay range.

.; The typical full-time employee works with the same people and in the same place for 40 hours every week, which is a lot of time to spend in one environment.

Focus on Progress Achieving full pay equity isn’t as black-and-white as many leaders may think.

Census Bureau data reveals that the pay gap between full-time, year-round male and female employees actually widened in 2023.

Executive succession planning oversight is handled by compensation/human capital committees at approximately two-thirds of respondents; while not specifically addressed, oversight among other respondents with pre-existing plans is presumably handled by a different committee or the full board.