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Sales compensation designers apply a set of uniform principles to each unique job to arrive at the best incentive plan design.

“Employee resource groups and other DEI efforts such as having a diverse set of candidates or interview panels to promote diversity and belonging tend to have a lower risk profile,” Siu said.

As a result, when it comes to setting compensation for new hires in comparison to their colleagues, it may be advantageous to mind the midpoint of salary ranges, said Lori Wisper, managing director at WTW.

;Set boundaries.

RUDOLPH: When managing through a highly volatile and unpredictable macroeconomic environment, such as what we experienced during the pandemic, it became evident that a lot of companies could not reliably see a year into the future in order to set effective incentive goals.

The majority of respondents — 53% — believe standards for employer benefits should be set at the federal level, but that percentage has trended downward from a high of 60% in 2018.; NEW!

Workspan Daily Plus+ article; For Everyone Fifth Circuit Reaffirms DOL’s Right to Set OT Salary Threshold , Workspan Daily article;Labor Department Appeals Decision that Halted OT Final Rule , Workspan Daily article;Supreme Court Rules Against Higher Evidence Bar for Exempt Status , Workspan Daily article;Wage-and-Hour Compliance: You Are Either Fine or Fined , Workspan Daily article; NEW!

For WorldatWork Members The Outperformance Stock Unit: Meaningful Long-Term Incentives at Minimal Initial Expense , Workspan Magazine article;Exploring Executive Compensation Decision Making , Journal of Total Rewards article;Incentive Goal Setting is Becoming More Flexible , Journal of Total Rewards article;Executive Compensation Update: Key Developments and Future Insights , on-demand webinar; For Everyone The CEO Left.

;Leverage the simple INDIRECT formula to bring in a set of regional pay ranges based on user choice.

WTW’s 2023 “ Dynamics of Work ” survey found only 21% of organizations were allowing globally remote work and had set up policies and frameworks around the concept.