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In an environment of constant disruption and transformation, effectively designed, financed and delivered total rewards strategies can enhance business value and build a productive and engaged workforce.

Organizations also do better when there is a foundational level of understanding among all employees on the compensation philosophy, the program design and how decisions about pay are made, Vallas said.

Data Related Questions to Ask These are the questions the sales compensation team should be able to answer to ensure trust in the output and to minimize confusion when designing and assessing incentive plans.

For WorldatWork Members ;Addressing the Healthcare Gender Gap , Workspan Magazine article;The Power of Allyship in Facilitating Female Leadership in Healthcare , Workspan Magazine article;5 Health Benefits Trends Come into Focus for 2024 , Workspan Magazine article;Health and Welfare Plans: Strategic Planning and Design , course ; ; With an anticipated nationwide deficit of 100,000 healthcare workers by 2028, according to a new Mercer report , U.S. medical employers will face new challenges in hiring and keeping the workers required to continue delivering needed care.

For WorldatWork Members ;Addressing the Healthcare Gender Gap , Workspan Magazine article;The Power of Allyship in Facilitating Female Leadership in Healthcare , Workspan Magazine article;5 Health Benefits Trends Come into Focus for 2024 , Workspan Magazine article; For Everyone Employers Look to Balance Rising Health Costs, Benefit Upgrades in 2025 , Workspan Daily article;Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article;Health and Welfare Plans: Strategic Planning and Design , course; A nationwide shortage of 100,000 critical healthcare workers is expected by 2028, according to a new Mercer report .

“Set an action plan designed to [continuously review and] effect change, and establish consistent practices across all departments and divisions,” said Sue Holloway, a compensation content director at WorldatWork.

For WorldatWork Members Answers to FAQs on Qualified Student Loan Payment Matching , Workspan Daily Plus+ article;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article;How SLB’s New 401(k) Strategy Boosted Employees’ Retirement Readiness , Workspan Magazine article;Your Retirement Plan May Be Fostering Inequity: Here’s How to Fix It , Workspan Magazine article; For Everyone IRS Raises HSA Contribution Limit for 2025 , Workspan Daily article;The Critical Role of Retirement Income Projections in DC Plans , Workspan Daily article;Retirement Plans — Design Considerations & Administration , course; The Internal Revenue Service (IRS) announced on Friday, Nov. 1, that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.

“Most companies conduct passive enrollments unless there are major changes to plan design, and this may lull employees into a sense of not taking action or not educating themselves about whether or not their benefits currently — or in the future — will fit their changing needs or lifestyle,” she said.

Managing Costs Segal experts offer the following cost-management strategies to address rising healthcare costs: ;Implement drug plan design strategies.

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