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What to Consider Since today’s workforce expects TR to reflect a modern value exchange, transparency is important, said Jess Von Bonk, a global HR transformation and technology advisory leader at Mercer.

The Time Is Ripe to Put Effort Here As contractors become an increasingly integral part of the modern workforce (the independent workforce in the U.S is estimated to range from 11.9 million to 65 million workers), you likely need to put time and effort here to ensure effective, compliant management.

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“It’s about making sure the provisions in the plans are modern enough to protect the risks of today, not the risks of 10 years ago.”

If these forecasts hold to be true, 2026 will be remembered as the year when: ;The industry moved from curiosity to commitment;; ;In-plan retirement income became a reality, not just a possibility; and,; ;The idea of lifetime income was integrated into the fundamental design of modern DC plans.; 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; ;Employee Compensation; ;Total Rewards; ;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.

Indeed, 77% of working parents surveyed in Bright Horizons’ “Modern Family Index” think childcare programs contribute to productivity.

September 18, 2024 Scottsdale, Arizona  — As remote and hybrid work models solidify their place in the modern workplace, organizations are rapidly evolving their Total Rewards strategies to meet the shifting demands of their workforce.

“Leaders cannot solve the needs of the modern workforce by turning back to old, traditional practices,” he said.

For WorldatWork Members 3 Sales Compensation Challenges that AI Can Help Tackle , Workspan Magazine article;Rewarding the Modern Sales Organization , Workspan Magazine article;Bonus Programs & Practices , research; For Everyone How to Choose the Right Incentive Plan for Your Sales Leader , Workspan Daily article;Comp Strategies for New Sales Hires: Balancing Motivation and Finances , Workspan Daily article;PepsiCo’s Journey to Building a Revenue Performance Engine , Workspan Daily article;Sales Compensation: Foundation and Core Principles , course; Many companies struggle with ineffective sales compensation plans, with only 21% demonstrating plan effectiveness and expressing satisfaction with their approach, according to Alexander Group’s recent Sales Compensation Hot Topics Research .