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President Trump has said he may soon sign an executive order that would permit federal agencies to explore the use of private-equity and private-capital investments in 401(k) plans.

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EY expects AI to reshape compensation strategies in three key ways: Optimized pay structures.

Writing for WorldatWork , David Cichelli, revenue growth advisor for the Alexander Group, suggests compensation managers and sales leaders conduct several tests, such as a total earnings test and a pay component test, in their sales compensation programs to investigate pay differences.

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It also would increase the minimum annual salary required to satisfy the Highly Compensated Employee (HCE) exemption from $107,432 to $143,988.

To strike that balance, Mosher encouraged employers and total rewards (TR) professionals to: ;Diversify a “wage-heavy” TR package with a larger focus on benefits , career development and recognition.; ;Use technology and artificial intelligence (AI) to automate certain administrative HR tasks to create more space for strategic initiatives.; ;Effectively communicate the full employee value proposition to workers, including the value of non-monetary benefits — and be transparent about changes to compensation and benefits.; ;Invest in your workers’ career growth — bolstering retention and cutting back on the costs of needing to hire externally.; ;Check your work through engagement surveys to keep your finger on the pulse of employee needs and sentiment related to TR decisions.; Other strategies for TR pros, according to Sue Holloway, a compensation content director at WorldatWork, include scaling back less-utilized programs and more strongly utilizing non-monetary rewards such as

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Save Reuse Permission In 2014, an unimaginable tragic event suddenly befell Rich Mattingly, a Bethesda, Maryland resident and senior executive at the Cystic Fibrosis Foundation.

“Production will go down; employee engagement will go down; turnover would likely go up,” said Tom Wilson, who leads the executive search function at Frederickson Partners, a Gallagher company.