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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.

“I wholeheartedly believe that every industry can do this,” Whelehan said.

The following adjustments approaches are commonly seen in the industry: ;Trending sales to predict the territory performance in absence of the disaster, leveraging the prior three to 12 months of sales and factoring in national performance.; ;Providing a floor on earnings at 75% to 100% of target pay for the impact period (in the event of a highly disruptive disaster, providing pay when it’s needed is likely greatly valued).; ;Utilizing guidance from the Federal Emergency Management Agency (FEMA) or data providers on the geographies impacted and the level of impact (a combination of external guidance and internal analytics is often helpful).; ;Paying based on the average national or regional performance.; Differences in Disruption and IC Approach Over a period of years, most sales organizations have likely established practices to manage natural disasters that have short-term impact (e.g., winter storms, tropical storms and hurricanes), and many of these practices can apply for wildfires

Check out other Workspan Daily articles from Total Rewards ’25: The Keys to Creativity and Driving Innovative Total Rewards;The Monumental Mission of Meaningful Mentorships;Proactive TR Pros See ‘Train’ of Change Coming, Take Steps to Act;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;Boldyn Networks Offers a Bolder Approach to Employee Well-Being; Know Your Audience When communicating TR strategy with the CEO or a room of top executives, Terry and Walker advised to start with the basics.

.; ;External auditors and regulators , in certain industries, may also play a role in reviewing compensation practices and enforcing applicable compliance requirements.; Compensation programs impact the entire organization, and stakeholders share responsibilities for managing related risks.