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“For example,” Sun said, “if an organization is looking to increase its presence in a particular geographic location or if it believes that a certain role — such as a UX [user experience] designer — is critical to the organization’s long-term success, rewards professionals can ensure limited compensation budgets are prioritized in these areas and ensure programs are tailored to meet business objectives.”

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Providing meaningful recognition does not mean a budget blowout.

The higher the role, the more team members, budget and organizational responsibility these leaders manage.

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“Employers can set defined budgets, work with specialized partners and still provide meaningful access to care that was once out of reach for many,” Farnsworth said, adding that, as with any health benefit, thoughtful design and strong clinical standards are key to responsibly managing costs.

TR and finance need to run cost scenarios, budget forecasts and potential margin impacts.; ;Payroll restructuring.

With salary increase budgets moderating and workers indicating pay is not their only satisfaction driver , O’Brien said organizations are continuing to evolve their strategies for keeping employees engaged and productive.

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