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The participating exec comp thought leaders are: Doug Friske – Managing director, WTW, an HR and executive compensation consulting business;Shane Meredith, CECP – Vice president, Total Rewards & Coworker Experience, CDW, a provider of technology products and services;Michael Perloff – Managing Director, Global Head of Total Rewards, Apollo Global Management, an alternative asset management and retirement solutions company;Renee Rudoph, CECP – Vice President, Total Rewards, General Mills, a multinational manufacturer and marketer of consumer foods;Athar Siddiqee, CCP, GRP – Vice President, Total Rewards, Micron Technology Inc., producer of computer memory and computer data storage; Here are some of the highlights of that discussion: WORLDATWORK: There is an ongoing debate about discretionary and formulaic executive compensation plans.

In the spring of 2021, U.S. respondents projected that 2022 total salary increase budgets would rise modestly from 2021’s 3% average to a 3.3% average while the median prediction (3%) showed no change from 2021’s actual median increase of 3%.

Several factors influence CCOS, including base pay levels, Target Total Compensation (TTC) levels and sales crediting rules.

For total rewards professionals shaping compensation strategy, this shift offers a challenge and an opportunity: navigating an increasingly complex set of best practices and creating opportunities for companies to refine their LTI strategy in support of their own strategic business objectives.

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.

For WorldatWork Members ;Compensation Staff Size: Finding the Sweet Spot , Workspan Magazine article;Empowering Connections: Leading Trends in Employee Communication , Journal of Total Rewards article; For Everyone Else ;Workforce Planning in a Relocation-Averse Era , Workspan Daily article; ;How Much Have Rewards Practices Changed Since 2018?

About WorldatWork WorldatWork , the Total Rewards Association, is the leading global nonprofit organization for professionals who are engaged in the critically important practice of Total Rewards.

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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.

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 Experience; ;Employee Recognition; ;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.