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“Some of these tasks are more susceptible to automation than others,” he said, adding that the types of tasks at risk are those with more direct and linear processes and specific, correct outcomes.

According to language in the bill, the DOL should be prevented from “[requiring] a fiduciary to select, or [prohibiting] a fiduciary from selecting, any particular type of investment alternative, provided that a fiduciary provides the participant or beneficiary an opportunity to choose, from a broad range of investment alternatives, the manner in which some or all of the assets of the participant’s or beneficiary’s account are invested, according to regulations prescribed by the Secretary.”

Interestingly, the highest wage earners do not always have the most access to several types of leave — workers in the third 25% wage category (50% to 75% of the top wages) edged out those making more than them in access to vacation time and holidays.; Disparities in access to time off aren’t conducive to comprehensive work-life balance, said Escalera, who urged organizations to offer uniform workweeks and equitable access to paid time off for employees at all levels.

Or it could mean making a program on Social Security benefits-claiming strategy available to workers in their early 60s.

However, employers need to understand the options in setting up this type of savings vehicle.

Building the Right Compensation Package In addition to the standard salary and performance bonuses, Canavan said the building blocks should be: retention incentives, which organizations can address through real or “phantom equity” (a type of compensation award that references equity, but does not entitle the recipient to actual ownership in a company); a long-term cash bonus plan; or split-dollar life plan, which allows the sharing of the cost of a premium for a permanent life insurance policy.

When it comes to compensation, he said, AI can help organizations analyze objective data — such as job type, level and time-in-role — to ensure salary decisions are made in an apples-to-apples manner, where appropriate, across teams.

;Define various types of disruptions.

Step 2: Understand the Survey Results How you analyze survey results will likely impact the insights you can glean and the type of change you ultimately implement, so exercise care when reviewing the data from your surveys .