Searching Compensation on page 82

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Course Credits WorldatWork Certification Successful completion of this course and its accompanying exam can be applied to the Certified Compensation Professional (CCP®) and Global Remuneration Professional (GRP®) certifications.

See Issue Workspan Magazine, Feb-March 2024 In this issue of Workspan, we examine the union effect on compensation and benefits.

As was the case with gender, there is also a balanced pattern here ensuring a good representation: 26% are in an expert role (e.g., compensation and benefits expert, rewards specialist);33% are managers (e.g., compensation and benefits manager, rewards manager);41% are directors (e.g., head of compensation and benefits, rewards director).; Next to the hierarchical level, the survey also focused on how respondents perceive their role in real life, on a sliding scale from 1 (expert role) to 10 (managerial role).

Respondents relied most heavily on employer sources of pay information, with 57% agreeing or strongly agreeing that they received their pay information from HR or a compensation department and 53% agreeing or strongly agreeing that they received their information from their supervisor or manager.

Most firms plan to maintain their direct compensation pay mix.

With this increased focus on leveraged pay came the tendency to target total cash compensation (TCC) and total direct compensation (TDC) above the median of the blended market, often at the 65th or 75th percentile.

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The same can hold true for total rewards professionals when analyzing their organization’s compensation system.