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According to Michael Piker, the vice president of global total rewards at cosmetics company Shiseido, annual benefits selection introduces a “maze of complexity for employees trying to make an informed decision,” but total rewards (TR) professionals are discovering that AI tools — when integrated strategically and thoughtfully — can provide valuable assistance to both the worker and the employer.

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: ;Organizational Performance; ;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 Compensation Structure Policies and Practices , research;Salary Benchmarking , tool;Salary Budget Planning Guide , tool;Integrating Pay Equity Compliance with Effective Salary Administration , Journal of Total Rewards article; For Everyone The Five Goals of a Strong Compensation Structure , Workspan Daily article;How to Measure the Success of Your Annual Compensation Cycle , Workspan Daily article;Navigating the Architecture and Benchmarking Challenges of Hybrid Jobs , Workspan Daily article;Essentials of Compensation Management , course; Organizations today strive to be market-driven in their compensation strategies, aligning pay structures with external benchmarks to attract and retain talent.

Picking up skills and experience, mostly in total rewards across various Canadian- based banks, her career led her back to BMO Financial Group in late 2019 in the role of chief inclusion officer, leading the bank’s diversity, equity and inclusion strategy.

Workspan Magazine article;Total Rewards Competitiveness Analyzer: Understand How You Stack Up , Workspan Daily Plus+ article;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article; For Everyone Q&A: Is Now the Time (Again) to Consider Crypto Compensation?

“All Acts” Overall Back Wage Recovery Data Enforcement Year Compliance Actions Total Back Wages Recovered Total Employee Recipient Pool FY2024 17,300 $202,676,115 151,989 FY2023 20,215 $212,325,391 163,768 FY2022 20,422 $213,161,638 152,970 FY2021 24,746 $234,362,486 193,796 FY2020 26,096 $257,829,604 229,934 Fair Labor Standards Act (FLSA) Overall Back Wage Recovery Data Enforcement Year Total Back Wages Recovered Total Employee Recipient Pool FY2024 $149,957,029 125,301 FY2023 $156,152,548 135,067 FY2022 $156,052,923 126,934 FY2021 $166,762,890 158,735 FY2020 $183,582,973 194,006 Back Wages for Overtime (OT) Violations Enforcement Year OT Back Wages Recovered Total Worker Recipient Pool FY2024 $126,967,097 101,043 FY2023 $130,686,461 106,759 FY2022 $134,591,521 103,128 FY2021 $138,674,500 132,151 FY2020 $151,347,794 150,685 Back Wages for Minimum Wage (MW) Violations

For WorldatWork Members ;Why Executive Compensation Is Following the Crowd and Why That Matters , Workspan Magazine article; ;Exploring Executive Compensation Decision Making , Journal of Total Rewards article; ;Five Thought Leaders Dive Deeper Into Executive Compensation Issues , Journal of Total Rewards article; ;Are Complex Pay Systems Hurting Executive Comp?

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 Benefits; ;Finance and Budgeting; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.