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The organization blames itself, and specifically its management, for having reaped this “reward” of collective bargaining, and it’s the correct impulse; much of the recent labor movement is the result of outdated work and management practices that no longer fit the modern-day employee.

“Pay transparency and pay equity are key components of a modern compensation strategy.”

Supinski said broad-brushed impacts are an outcome of the interconnected nature of modern business.

September 18, 2024 Scottsdale, Arizona  — As remote and hybrid work models solidify their place in the modern workplace, organizations are rapidly evolving their Total Rewards strategies to meet the shifting demands of their workforce.

Modern tools, like compensation planning software , are far more suited for the mid-market.

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Save Reuse Permission In the modern workplace, compensation and performance management go hand in hand.

“Leaders cannot solve the needs of the modern workforce by turning back to old, traditional practices,” he said.

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