Searching Compensation on page 67

Explore Learning Options The base pay system is the backbone of your entire compensation strategy—without it, your approach to pay is unclear.

While unpaid arrangements have persisted, additional legal challenges since then illustrate the ongoing dilemma employers face in navigating intern compensation.

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: Employer Compensation ;Employee Experience;

; ;The Impact of the H.R. 1 Law on the Telehealth Safe Harbor; Access additional Workspan Daily Plus+ articles related to H.R 1: ;Checklist for Total Rewards to Be Compliant with H.R. 1 Provisions; ;The Ripple Effect: 529 Plans as a Catalyst for Financial Stability; ;What Are TR Pros’ Options for Paid Care Leave Design; 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 Compensation; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members ;Comp Talk 101: Training Managers to Communicate Pay Decisions , Workspan Magazine article; ;If Workers Feel Squeezed, Reinforce the Sum Total of Your Rewards , Workspan Daily Plus+ article; ;Leveraging Job Descriptions for Effective Compensation , tool; ;Pay Perception: The Missing Link in Your Compensation Strategy , on-demand webinar; Even if pay raises and bonuses aren’t in the cards for your employees when the next review cycle comes around, fostering open pay conversations should still be important — if not more important — during lean periods.

“As employers continue to navigate an incredibly tight labor market, it is apparent that compensation cannot be the answer to all instances,” said Alicia Scott-Wears, compensation content director at WorldatWork.

Benchmark your compensation against market rates, offer competitive compensation packages, and provide opportunities for career growth and development to retain valuable employees.

BDO data found about half of the organizations it surveyed recently increased salary budgets, with those compensation budgets averaging 5.1% overall and 5.4% among for-profit.

.; Review Compensation Structure and Systems ;Conduct a global pay equity audit based on EU requirements.

The drivers are also asking that Uber and Lyft be barred from “fixing prices for ride-share services” and “withholding fare and destination data from drivers when presenting them with rides” and be required to give drivers “transparent per-mile, per-minute or per-trip pay” rather than using “hidden algorithms” to determine compensation.