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The Journal of Total Rewards Second Quarter 2024 | Volume 33 | No. 2 Studies of a variety of topic rewards topics, from AI and pay transparency to career advancement to analyzing a pay gap.

NAPHIA executive director Kristen Lynch noted the 25.7% average policy growth rate in the North American market over the past five years demonstrates pet owners increasingly understand the value of — and need for — this type of insurance, which is important considering: These owners, in aggregate, have more than 170 million pets (dogs, cats, etc.)

For example, comprehending the impact of increasing the amount of upside available for a certain type of sale and being able to make an informed decision as to whether the increase in sales performance outweighs the increase in expenses is critical when managing costs.

In the area of employee recognition, Steckler said AI-driven nudges can: ;Reinforce key employee behaviors aligned with corporate priorities, values and leadership principles,; ;Ensure investment in recognition efforts directly support cultural transformation and critical focus areas, and; ;Drive strategic business priorities by encouraging the types of behaviors that fuel success.; “By making it easy and natural for employees to take action, AI-powered nudges ensure that total rewards programs deliver maximum impact — without overwhelming employees with information or mandates,” she said.

Cover a wide range of questions on caregiving responsibilities, types of support needed and current challenges.; ;Tip: Partner with ERGs to gain insights into the specific needs of various employee groups — such as caregivers, parents, single individuals, the LGBTQ+ community and pet owners — whose responsibilities may overlap but have individual nuances.; ;Tip: Recognize that some employees may have intersecting needs, such as a single father caring for a child with a disability, and be sensitive to how your care benefits include them.; ;Tip: Host focus groups and facilitate discussions with open-ended questions.

After organizations deliberate on the legal aspects, Wells said they should also consider their company culture to determine if a PTO conversion program is a good fit and if their employees would actually utilize this type of benefit.

In our survey, 1 in 5 respondents said concerns about economic uncertainty will lead them to alter the amount or type of executive benefits they offer.

With AI, TR/HR professionals can make these types of decisions without guesswork and bias.

.”; ;“Consider postponing for 60 days from the date of this memorandum the effective date for any rules that have been published in the Federal Register, or any rules that have been issued in any manner but have not taken effect, for the purpose of reviewing any questions of fact, law and policy that the rules may raise.”; For two rules that have generated a lot of publicity and legal challenges in recent months: ;The Federal Trade Commission’s noncompete final rule was published in the Federal Register on May 7, 2024 (with an effective date of Sept. 4, 2024).; ;The Department of Labor’s final rule updating the salary threshold for overtime exemptions was published in the Federal Register on April 26, 2024 (with an effective date of July 1, 2024).; 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: ;Equitable and Diverse Workplaces; ;Total

Just 5% said they have modified benefit plans and 2% said they have modified HR policies in response to Roe v.