Searching Pondering Equity-Based Long-Term Incentive Plans on page 98

Unlike plans sponsored by a single company, multiemployer plans are jointly administered by a board of trustees with equal representation from a union and any/all participating employers.

“While it’s true that the scope of a fiduciary who provides ‘investment advice’ is more expansive under the new rule, it’s unlikely that total rewards team members will cross the fiduciary threshold simply by directing plan participants to financial resources or explaining the available options under a retirement plan (e.g., the timing and form of distributions),” he said.

Particularly in this post-pandemic era, highly skilled or knowledge-based workers expect flexible work options, outcome-based performance objectives, diverse work teams and opportunities for growth and advancement ( Minahan 2021).

(KPMG 2023 CEO Outlook) ▸ Women want 0.75 more WFH days/week than their employers plan, while men want 0.3 more WFH days/week.

.; Emerging performance trends that add environmental, social and governance (ESG) metrics to incentive plans.; You'll also get strategies for managing the CEO life cycle components — succession, performance evaluation and compensation — and how to manage compensation in special circumstances, including IPOs and bankruptcies.

Given the typical constraints of budget allocations, it is both practical and strategic to prioritize market alignment and internal equity in salary planning.

Bill Dixon, a consultant for compensation advisory firm Pearl Meyer, noted that cost of living has not been an element of most employers’ salary planning and budgeting for a “very long time.”

In fact, 70% of 756 business leaders surveyed in May by Resume Builder say they plan to increase or maintain the number of days employees are required to be in the office in 2025.

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The experts in this article offered these tips: ;Combine retirement plan auto-enrollment and auto-escalation ( now required for many plans) with employer matches to increase employee participation and contribution amounts.; ;Help reduce the likelihood of early withdrawals from retirement savings by offering emergency savings support (Equitable research found 80% of Americans , regardless of income, are worried about affording everyday living costs).; ;Match workers’ student loan payments with employer retirement plan contributions.; ;Offer multi-channel communications and reminders about retirement savings throughout the year, utilizing nudges or reminder texts.; ;Ensure communications campaigns are targeted and personal, such as a digital calculator for younger workers illustrating how much they can boost contributions by reducing takeout and food delivery or shopping for a new mobile plan; a reminder for parents to save earlier in 529 plans to better balance their own retirement