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The Korn Ferry (2023) survey overwhelmingly reports that shifts in market practices around pay transparency will cause them to change their rewards communication strategy (72%) and increase investment in training and communications for both managers (70%) and employees (66%).

It can provide organizations with experienced strategic insights and budget flexibility — allowing total rewards dollars to be reallocated to full-time staff, thus potentially enhancing those offerings.

.; Additionally, pay inequity plays into the retirement gap, said Dena Faccio, the senior vice president of total rewards, employee relations and HR business partner-workplace solutions at investment company Voya Financial.

For WorldatWork Members Tech’s Expansive Role in the World of Work , Workspan Magazine article;A Step-by-Step Guide to Employing Modular, Hyper-Personalized Comp , Workspan Daily Plus+ article;TR Is Key to Successfully Integrating AI and Work , Journal of Total Rewards article;Solving the Pain Points in Pay Equity Analysis , Workspan Magazine article; For Everyone How An Industry Leader Sees Technology Transforming Total Rewards , Workspan Daily article;How AI Is Transforming the Total Rewards Landscape , Workspan Daily article;5 Ways Comp Pros Can Maximize Their Market Management Tool , Workspan Daily article;How TR Pros Can Handle Increasing Volatility in the Workplace , Workspan Daily article;Turn Your Compensation Spreadsheet into a Secure, Multi-User Business Application , on-demand webinar; Payscale and Trusaic, two prominent players in the HR and compensation technology space, announced a strategic partnership on Tuesday, Sept. 30.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Employee Recognition; ;Organizational Performance; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members Guidance on How to Avoid Common FLSA Classification Errors , Workspan Daily Plus+ article;Total Rewards for New Ways of Working , Journal of Total Rewards article;The Pros and Cons of Recruiting Gig Workers , Journal of Total Rewards article;Harnessing Social Capital in a Gig Economy , Journal of Total Rewards article;Recognition: It’s Not for Everyone , Journal of Total Rewards article; For Everyone Reducing Risks and Complexity Associated with Independent Contractors , Workspan Daily article;Wage-and-Hour Compliance: You Are Either Fine or Fined , Workspan Daily article;The Ascent of the ‘High-End’ Gig Worker , Workspan Daily article;How Will Wage Increases for App-Based Delivery Drivers Affect the Gig Economy?

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Employee Recognition; ;Finance and Budgeting; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Employee Recognition; ;Finance and Budgeting; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: Employee Compensation;Employee Experience;Total Rewards;

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Employee Compensation; ;Total Rewards;