Searching Pondering Equity-Based Long-Term Incentive Plans on page 73

Currently, the Employee Retirement Income Security Act (ERISA) only requires employers that offer 401(k) plans to make the plans available to employees aged 21 or older.

Companies plan a 3% increase in base pay and an overall increase of 3% in target total compensation costs in 2023.

One way employers are personalizing total rewards is through voluntary, employee-paid benefits such as pet insurance , identity theft protection, legal assistance or long-term care insurance.

Sometimes providing a low-quality health insurance plan to employees can lead to greater costs to a company in the long run in terms of lowered employee productivity.

For WorldatWork Members 2024-2025 Salary Budget Survey , research;Engage Community , peer engagement and connection platform;How to Reconcile Internal Pay Equity and External Competitiveness , Workspan Magazine article;Why It’s Time for a Compensation Philosophy Refresh , Workspan Magazine article;A Management Primer on the Basis for Pay Equity , Journal of Total Rewards article; If you find that some of your employees are hovering at the top of their formal salary range , you don’t just want to consider how to handle their annual merit increase — it’s equally important to examine how your overall pay ranges are structured.

Next year, WorldatWork celebrates its 70th anniversary, so our team has been in a period of reflection and planning.

Obtaining a CECP signifies that you have the knowledge, experience and critical skills needed to influence and negotiate tactics within an executive compensation strategy to ensure alignment with an organization’s business plan and long-term vision.

Vehicle-Related Benefits Pulse Poll This report summarizes the results of a March 2022 survey that asked about the vehicle-related benefits employers offer and if they plan to consider altering those benefits.

Pay Equity Laws by State Alabama Alabama Alabama became the 49 th state to enact a pay equity law.

-based organizations offered market-based adjustments in 2022 — unchanged from 2021 — marking a return to normal after a steep drop in 2020.