Searching Compensation on page 79

See Issue Workspan Magazine, December 2024 -January 2025 Inthisissue: Compensation staff size; bonus backfires; childcare benefits; predictions on coming rewards strategies; self-funding sales compensation; more.

The types of compensation affected by cuts include: ;Bonuses (61%); ;Equity or stock awards (60%); ;Raises (59%); ;Benefits (53%); ;Base salaries (43%); According to the report, many organizations that are cutting compensation or using layoffs to fund AI are planning to take a flat, across-the-board approach to raises in 2026, sometimes referred to as “peanut butter raises,” rather than tying compensation to individual performance.

To strike that balance, Mosher encouraged employers and total rewards (TR) professionals to: ;Diversify a “wage-heavy” TR package with a larger focus on benefits , career development and recognition.; ;Use technology and artificial intelligence (AI) to automate certain administrative HR tasks to create more space for strategic initiatives.; ;Effectively communicate the full employee value proposition to workers, including the value of non-monetary benefits — and be transparent about changes to compensation and benefits.; ;Invest in your workers’ career growth — bolstering retention and cutting back on the costs of needing to hire externally.; ;Check your work through engagement surveys to keep your finger on the pulse of employee needs and sentiment related to TR decisions.; Other strategies for TR pros, according to Sue Holloway, a compensation content director at WorldatWork, include scaling back less-utilized programs and more strongly utilizing non-monetary rewards such as

The agency also alleged Allen Theatres had a companywide discriminatory compensation policy that stopped paying for Parrish’s family health insurance coverage because he was over 65 years old and eligible for Medicare.

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; ;Employee Compensation;Employee Recognition; ;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.

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 Compensation ;Employee Benefits ;Finance and Budgeting; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

Compensation Consultant, Capital Markets Oct. 2012 — Jan. 2015 TD Bank Senior Compensation Consultant April 2007 — Dec. 2012 RBC, TD Bank Senior Manager, Benefit and Pension Policy Jan. 2004 — April 2007 Senior Compensation Consultant Jan. 2001 — Dec. 2003 BMO Nesbitt Burns Manager, Compensation, Benefits and Pensions April 1998 — Jan. 2001 Sony Music Canada Manager, HR/Compensation and Benefits June 1988 — April 1998

As such, compensation and benefit changes should be rooted in data, such as employee sentiment (gathered through focus groups, pulse surveys, interviews or TR optimizations) and benefits claims data, Dahl explained.

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; ;Employee Compensation; ;Employee Recognition; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

In part, we are critical of new incentives that are being implemented to compensate home office workers for office expenses.