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“Plan sponsors need to strategically review the options that have become available and prioritize which changes fit, based on their employees’ needs and execution resources.”

President Donald Trump’s flurry of Month 1 executive orders, memorandums and actions has led to several counteractions, including lawsuits, from affected agencies, workers and unions.

NAPHIA executive director Kristen Lynch noted the 25.7% average policy growth rate in the North American market over the past five years demonstrates pet owners increasingly understand the value of — and need for — this type of insurance, which is important considering: These owners, in aggregate, have more than 170 million pets (dogs, cats, etc.)

The Compensation Component When organizations decide to adopt a no-degree approach for employment, compensation packages will of course need to be re-examined and recalibrated, Harris said.

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 ;Finance and Budgeting ;Organizational Performance ;

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: Total Rewards ;Employee Compensation ; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.

Unlike payroll or recruitment, which every organization on the planet needs in some form, compensation planning and analytics tools cater to a more specialized audience since “just do it in Excel” is viewed by many practitioners as a viable alternative for compensation.

;Skills required to effectively communicate and present compensation solutions to stakeholders and foster relationships critical to the success of compensation programs.

Peloton Sweetens Employee Pay Incentives As reported by CNBC , Peloton is aiming to entice its workers with one-time cash bonuses and changes to its stock compensation plan.

How AI Is Reshaping Jobs, the Workforce , Workspan Magazine article; ;How AI is Changing Total Rewards Functions and Roles , Workspan Magazine article; ;How to Use AI to Improve Your Recruitment Process , Workspan Daily Plus+ article; ;Audit Checklist to Uncover and Mitigate AI Bias in Compensation , Workspan Daily Plus+ article; Some employers have resisted applying artificial intelligence (AI) to the information found in their employees’ digital footprints because of privacy concerns.