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Once skill gaps are identified, Martin said employers should design and implement targeted training programs to enhance employees’ skills.

This regulatory shift has exposed a critical vulnerability in many traditional compensation philosophies that were simply not designed to hold up to external scrutiny — and the clock is ticking to fix it.

Organizations that are mature in this area are harnessing vast swaths of data to get smart about decision-making, clearly communicating the value of their offerings and philosophies, and designing robust and efficient strategies engineered to drive value.

For compliance purposes, that guidance mandates that the wellness program under which the COVID-19 vaccine-related premium incentive is offered must be offered at least once a year and be reasonably designed to promote health or prevent disease, said Shannon.

We can design the best compensation programs, but if employees do not understand them, the programs are not as effective.”

Read: Return-to-Office's New Balancing Act Many organizations have already adopted a hybrid model by designating certain days or times to be in the office while otherwise allowing employees to work remotely, and Turnbull predicted most companies will continue to offer flexible and hybrid options to stay competitive.

American Airlines Flight Attendants Vote to Authorize Strike Flight attendants at American Airlines voted overwhelmingly to authorize union leaders to call for a strike, a move designed to put pressure on the carrier during negotiations over pay raises, the Associated Press reports .

Action Items for Your Organization Step 1: Design a sales compensation program that aligns with the objective of the business.

“The guidance makes it clear that employers are responsible for their tools even if they’re designed or administrated by a software vendor,” he said.