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As the panelists shared, it can get them thinking more like product designers, sales and marketing pros, and even the total rewards consumer.

As a result, companies have introduced a bevy of benefits designed to help address mental health concerns among their workers.

Greene is one of the principal designers of the CCP and GRP certifications and the first winner of the WorldatWork Keystone Award for achieving the highest level of excellence in the field.

At the same time, many companies focus on metrics that are backward-looking and short-sighted by design — such as quarterly profit and loss measures, Stern contended.

Although this program is often thought of as an incentive for productivity improvement, it is designed to encourage and facilitate innovation among employees at all levels in the organization.

By design, ERGs and affinity groups are company sanctioned, yet they are entirely employee led.

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

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.

However, as salary levels decrease, geography often drives the setting of competitive pay rates enough to warrant building them into not only a compensation strategy and philosophy but also adding “geographic salary differentials” into the design and delivery of pay programs.