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The pay transparency bill requires private employers with more than 100 employees to annually share their federal wage and workforce data reports (including workforce demographic and pay data categorized by race, ethnicity, sex, and job category) with the Executive Office of Labor and Workforce Development (EOLWD), which would then be responsible for compiling and publishing aggregated wage and workforce date to help identify gender and racial wage gaps by industry.

For WorldatWork Members How Sharing Real-Time Data Elevates EY’s Well-Being Strategy , Workspan Magazine article;Workplace Wellness: Best Practices Study , Journal of Total Rewards article;How to Calculate the ROI on Your Wellness Program , Journal of Total Rewards article;Employers Ready to Shuffle Health, Well-being Partners for Better ROI, Employee Experience , Workspan Magazine article; For Everyone Employee Well-Being Is Faltering: What’s the Cause?

Pay equity analysis has become an annual standard for many organizations, with rising expectations for transparency from various constituents and, from that, a priority to ensure fairness in workforce outcomes.

Try Flexible Options and Rewards , Workspan Daily article;With a Multigenerational Workforce, Personalized Rewards Are Key , Workspan Daily article;Crafting and Harmonizing Workforce Skills for the New World of Work , Workspan Daily article;Pay Equity: Focus Is on ‘What’ and ‘How,’ But Don’t Forget the ‘Why,’ Workspan Daily article; Employers regale new employees with all the fabulous benefits that comprise their total rewards package.

As with any evolving practice, however, compensation experts say there are new developments and considerations to stay on top of, from both a total rewards perspective and employee experience outcome.

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“Your tenured people have years of experience and you want to retain them because they know what’s working,” he said.

“In the days of rotational assignments, top leaders were expected to have experience in whatever leadership position they were going to hold as well as experience in others,” he said.

The workforce actions appear to be part of the tech giant’s plans to reduce employee costs while investing heavily in artificial intelligence (AI) products and infrastructure.