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“Pay transparency and pay equity are key components of a modern compensation strategy.”

, Workspan Daily Plus+ article; For Everyone ;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article; ;For Many Employees, Benefits Matter as Much as (or More Than) Salary , Workspan Daily article; ;A Compelling Case for Utilizing Voluntary Benefits , Workspan Daily article; ;AI Could Be the Answer to Reduce Employees’ Benefits Confusion , Workspan Daily article; ;Incorporate AI to Personalize Financial Well-Being Benefits , Workspan Daily article; American workers are generally happy with the benefits they receive, and their concerns about financial well-being are edging down, according to a recent survey conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research.

And while an HR professional doesn’t need to understand the coding behind that, they do need to understand the XAI movement and why it’s essential for modern HR.

And increasingly, we are using AI at ServiceNow to help us make those changes at scale so role modernization can keep pace with the speed at which work is evolving.

But in the modern era of pay transparency, HR the function should evolve from after-the-fact investigators to architects of equity from day one, both to remain compliant and to build and retain employee trust.

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.

It’s time for a modernized view of what employees need to thrive, and the last few years have truly shown us the diversity of need.”

For WorldatWork Members ;Rewarding the Modern Sales Organization , Workspan Magazine article; ;Incentive Goal Setting is Becoming More Flexible , Journal of Total Rewards article; ;Sales Compensation Plan: Organizational Inventory , tool; ;Sales Performance Management , research; ;Sales Compensation Programs and Practices , research; For Everyone ;The Checkup: Diagnosing and Optimizing Your Sales Compensation Program , Workspan Daily article; ;Sales Comp Considerations: Choosing Between Individual, Team Measures , Workspan Daily article; ;Don’t Be a Sales Compensation Benchwarmer: 5 Paths to Pitch In , Workspan Daily article; Given the persistent economic volatility, increasingly cloudy financial targets and continuously evolving employee expectations around transparency, many organizations are re-evaluating how they drive alignment and motivation.

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.