Searching Pondering Equity-Based Long-Term Incentive Plans on page 100

Employer-sponsored education and benefits focused on financial health are a good tool to help younger workers better understand the long-term impact of taking a pay cut.; More than half of the 16,000 respondents in a global survey said they would take a 20% pay cut in exchange for a better quality of life.

.; 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.

When organizations educate employees about how pay is determined, employee trust in the organization increases by 10% and pay equity perceptions increase by 11%.

For WorldatWork Members ;Answers to Common Employee Questions on Pay Transparency , Workspan Daily Plus+ article; ;5 Things TR Pros Can Do to Mitigate Pay Transparency Risks, Workspan Daily Plus+ article; ;Simplifying ‘Comp-Speak’ for Employees in the Era of Pay Transparency , Workspan Magazine article; ;Disrupting Total Rewards: Where AI meets Pay Information Disclosure , Journal of Total Rewards article; ;Pay Equity Laws by State — Are You in Compliance?

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.”

But the steps of communicating can be changed without a significant alteration to the organization’s long-term commitments or how it creates economic value.

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

Target to End Some DEI Initiatives and Goals Target announced on Friday, Jan. 24, it would start scaling back its internal diversity, equity and inclusion (DEI) initiatives, joining other corporations like Walmart, Meta and Amazon that have repealed such programs.

Other potential requirements/specific information within job postings include base compensation only or other additional things like benefits, bonuses and equity.

Pay Equity: Going Beyond Statistical Analysis While most organizations conduct periodic pay-equity audits to ensure that pay outcomes don’t appreciably vary between gender and race groups, many don’t go beyond these initial efforts.