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Most industries have pay level surveys.

A Tactical Approach The United Kingdom-based Fishawack Health, which works globally with the biopharmaceutical, medical technology and wellness industries, is giving the burnout issue more than just lip service.

“Drug costs have gotten quite out of hand, and there’s an acute focus from an employer lens that the industry really rally to get their arms around that and to do whatever possible to stave off any further exorbitant prescription drug spending,” Kelsay said.

It also means providing training about outside factors, such as the average pay within the industry for specific jobs, along with information about pay changes within the labor market.

The manufacturing industry saw 38,000 new jobs added or created during the period.

Early reviewers consider the algorithm revolutionary, and the use cases are seemingly infinite across industries, which is why HR and rewards leaders around the globe are already in the preliminary stages of discussion to strategize its potential impact on the space.

;Prescription Pricing for the People Act , which aims to: (1) require the Federal Trade Commission (FTC) to complete a study examining the effects of consolidation on pricing in the PBM industry, as well as “other potentially abusive behavior by PBMs”; and, (2) instruct the FTC to provide policy recommendations to Congress to improve competition and protect consumers.;; Bill Aims to Let Workers Use HSA, FSA or HRA for Wearable Tech Rep.

Andy Banducci, the senior vice president of retirement and compensation policy within the ERISA Industry Committee, remarked that plan audits commissioned by EBSA have taken as long as seven years to complete due to turnover.

In each issue of Workspan Magazine, we grab some time with total rewards leaders, industry authorities, consultants and academics to get their insights on current workforce topics that are top-of-mind for them — and you.

; ;The Monumental Mission of Meaningful Mentorships; ;Proactive TR Pros See ‘Train’ of Change Coming, Take Steps to Act; ;The Keys to Creativity and Driving Innovative Total Rewards; ;The Pros and Cons of Giving Managers Discretion on Merit Increases; ;Using Analytics, Innovative Framework to Transform HR/Total Rewards; ;How An Industry Leader Sees Technology Transforming Total Rewards; ;Biopharma Compensation Leader Has Put AI Under the Microscope; 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: ;Career Growth; ;Employee Experience; ;Total Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.