Courtney Vinopal

“If we invest in our partners and we deliver on that in-store experience for them, they will deliver on the experience for our customers,” Kelly says.

Recognizing that a paycheck doesn’t always go far enough to pay for groceries, some employers are exploring ways to make up the difference through their total rewards programs.

Investment firms like BlackRock and Goldman Sachs are hoping to gain a foothold in the defined-contribution space, which holds more than $12 trillion in assets.

Organizations are holding off on plans to cover GLP-1s for weight loss in the future, if they aren’t already doing so.

While agreements to lower the prices of GLP-1s won’t immediately affect employer-sponsored health plans, they could eventually bring down costs.

Employers that don’t already offer their employees a qualified retirement savings benefit, such as a 401(k), must enroll their employees in the state program.

IBM and Moderna tout use cases for AI in total rewards

The changes come shortly after the firm began laying off some 3,600 workers, citing performance-related reasons.

While women made up 64% of CHROs in 2022, this role was the lowest-paid executive position in the S&P 500, according to a Morningstar analysis.

Black workers saw higher wage growth than white workers from 2021 to 2023, and as a result the racial wage gap has narrowed to the smallest it’s ever been, according to Syndio.

An explosion of data coupled with advancements in tech means auditing compensation is now a year-round endeavor for HR.