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“Leaders with a fixed mindset look for people who have the exact set of skills needed for the current role they’re trying to fill,” she said.

That should set off alarms for businesses.

In a fast-moving environment, we realized it’san unrealistic expectation for businesses to abide by a guidance we set a year ago in the AI era.Weneed to revisit priorities and assumptions morefrequently.

Though there are career tracks and clear expectations for each job level, there should be no one definition of “success” and no set linear path to achieve one’s personal definition of success.

Additionally, productivity grew at a slower pace after 1979, relative to previous decades, suggesting that the same set of policies that suppressed pay growth for a majority of workers during the past 40 years were also associated with a slowdown in overall economic growth.

The challenge is these elements can create administrative complexity and set precedents that may be hard to reverse when conditions normalize.

However, also consider the freelancers, consultants and solopreneurs who identify as self-employed, provide in-demand skills and set competitive rates.

Ultimately, Swift said, the responsibility for implementing best practices sits with the organization in terms of setting clear guardrails.

Those companies and compensation committees with a strong track record and a good governance framework will tend to be viewed more favorably by investors and proxy advisors over time — whether it pertains to robust goal setting, responsiveness, limited evidence of problematic pay practices, or adjustments to prevent or mitigate windfall gains during market rebounds.

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