In this section of WorldatWork Newsroom, you'll find our news releases. The releases are listed in chronological order and are archived by year.
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| May 29, 2008 | | Some Companies Fail to Communicate Compensation Plans to Their Sales Managers | Companies frequently change their sales compensation plans, and yet, front line sales managers are often the last to know. In a newly released WorldatWork survey of compensation practitioners and HR managers, 76 percent of organizations report revising their sales plans every year as a matter of course. However, the same survey found that only 58 percent of organizations communicate these changes directly to the front-line sales manager.
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| May 20, 2008 | | Workplace Flexibility Means One Thing in the Private Sector Another in Academia | | WorldatWork e-Book Probes the Differences, with Helpful Resources and Best Practices
Workplace flexibility is simple to grasp in principle, but not always as easy to define so that it’s clearly understood by managers in all sectors. In the fall of 2007, the Alfred P. Sloan Foundation funded a working retreat on workplace flexibility that was proposed and organized by Alliance for Work-Life Progress at WorldatWork. For the first time, 30 leading practitioners from both higher education and private industry met with the sole purpose of defining workplace flexibility and sharing best practices, triumphs and challenges.
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| April 24, 2008 | | AWLP Announces 2008 Work-Life Innovative Excellence Award Recipients | Alliance for Work-Life Progress (AWLP), an entity of WorldatWork dedicated to advancing work-life, recently announced the recipients of its 2008 Work-Life Innovative Excellence Award. Established in 1996, the Work-Life Innovative Excellence Award is the highest honor bestowed by AWLP, to recognize organizations that have developed outstanding programs that exemplify the work-life element of total rewards.
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| April 22, 2008 | | New WorldatWork Survey: Trends in Employee Recognition 2008 | A survey released this week by WorldatWork shows employee recognition continues to be important to employers. 89 percent of companies use recognition programs as part of their human resources strategy, up from 84 percent in 2002. 96 percent report their recognition strategy aligns with their organization strategy.
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| April 2, 2008 | | Alliance for Work-Life Progress Announces 2008 Work-Life Rising Star Honorees | Alliance for Work-Life Progress (AWLP), an entity of WorldatWork that defines and recognizes innovation, best practices and work-life thought leadership, recently announced the recipients of the AWLP Work-Life Rising Star recognition program. Now in its second year, the AWLP Work-Life Rising Star recognition program identifies stellar professionals who exhibit a combination of professional and personal attributes that demonstrate emerging leadership and growing contributions to the work-life community. The four recipients will be acknowledged publicly at the WorldatWork Total Rewards Conference & Exhibition Work-Life Reception.
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| March 18, 2008 | | WorldatWork Names Several Vice Presidents | WorldatWork, an association of human resource professionals from FORTUNE 500 and other leading organizations worldwide, recently announced the appointments and promotions of several executives.
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| March 14, 2008 | | Minimum Wage Increase Updates on FLSA Compliance Book | After 50 years and as many changes, the Fair Labor Standards Act affects all aspects of the workforce and translates into some major challenges for today’s compensation professional. Established originally to maintain a minimum for wage and overtime entitlement, understanding the current FLSA language is extremely important in order to stay compliant and meet business needs.
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| February 12, 2008 | | Get the Formula to Measure Sales Compensation Effectiveness | Designing a sales compensation plan that motivates the sales staff and meets the organization’s needs is always a unique challenge to many sales compensation professionals. Every organization is different; sales goals are different and the linkage between individual performance and incentive pay is often unclear.
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| February 5, 2008 | | WorldatWork to Hold Annual Conference in Philadelphia in May | WorldatWork, an association of human resource professionals from FORTUNE 500 and other leading organizations worldwide, is holding its annual conference in Pennsylvania in May. This is the very first time the Scottsdale-based association will be holding its annual conference there.
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2007 News Releases
| December 27, 2007 | | WorldatWork Elects 2008 Board of Directors | Tracy J. O. Kofski, CCP, is Chair-Elect
Scottsdale, Ariz. -- WorldatWork has elected its 2008 board of directors to guide the association through its next two years of operations.
Tracy J. O. Kofski, CCP, HR Director, Baking and Organizational Effectiveness, General Mills, will serve as chairman in 2008. Kofski succeeds Maggie Gagliardi, CCP, Senior Vice President, Global Compensation & Benefits, American Express Company, as chair. Gagliardi will continue to serve on the board as past chair.
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| December 21, 2007 | | Educate Employees on Shopping for Benefits | (Scottsdale, Ariz.) – Most employees view the task of shopping for medical and retirement benefits as a nightmare. Research highlights one reason for this attitude: Many employees simply don’t understand basic benefits vocabulary.
Of course, shopping intelligently for benefits is something every employee ought to do. Employee Guide to Becoming a Smart Benefits Shopper is designed to provide employees a roadmap that covers benefits basics and helpful tips, analogies, guidelines and more. It speaks in plain, everyday language to increase benefits know-how and motivate the workforce to think about health and financial well-being.
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| November 28, 2007 | | One in Five U.S. Companies Does Not Pay Severance | | Of those that do, a three-tiered severance structure is most popular
(Scottsdale, Ariz.) – As many as 18 percent of companies in the U.S. do not provide severance for regular (non-executive) employees, according to a study released this week by WorldatWork and Innovative Compensation and Benefits Concepts LLC (ICBC), an HR consulting firm.
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| November 15, 2007 | | Solve the Issues of Benefits Outsourcing | (Scottsdale, Ariz.) – On almost a daily basis, the human resource professionals who work with third-party providers must resolve some sort of problem with that relationship: lack of communication, miscommunication, lack of clear expectations, errors, conflicts, missed deadlines. The skills to select the right service provider, negotiate a fair contract, implement the benefit program and manage the relationship are essential to an HR practitioner’s repertoire.
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| November 8, 2007 | | New Book Guides Practitioners Through Changing Retirement Landscape | (Scottsdale, Ariz.) – With up to four different generations in the workforce at once, human resource practitioners face greater challenges when attempting to design retirement programs with effective incentives to attract and retain each demographic of employee.
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| November 6, 2007 | | WorldatWork Opens Washington, D.C. Office with Three Key Hires | International HR association to solidify involvement in the legislative and policy-making discussion
on executive compensation, benefits and total rewards.
Washington, D.C. — WorldatWork, an association of human resource professionals from FORTUNE 500 and other leading organizations worldwide, announced it has hired several executives for its newly opened Washington, D.C. Office and Conference Center. Among other things, the Scottsdale, Ariz.-based professional association will be hosting more than 40 training and educational programs for HR and total rewards professionals in the new facility beginning this month and throughout 2008.
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| November 2, 2007 | | HR Professionals: Get Involved with M&A Process | Scottsdale, Ariz. – The pace of merger and acquisition (M&A) activity continues to accelerate in today's global environment. Among the most common causes of failure cited by CEOs in a Conference Board study were poor or unclear leadership (49%), different cultures (49%), and a poor integration process (46%). If HR professionals are not involved in the overall merger and acquisition process from the beginning, these failures are sure to continue.
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| October 11, 2007 | | Managing Escalating Employee Health Care Costs | It’s no surprise that many organizations are finding it difficult to provide competitive and affordable employee benefit plans to attract and retain top talent. But the trend toward rising costs continues, with the National Coalition on Health Care finding the average health care cost per employee per year was $6,700, or $2 trillion nationally. This figure is expected to rise to $4 trillion by 2015.
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| October 9, 2007 | | Human Resources Experts to Convene in Singapore | WorldatWork, an association of human resource professionals from FORTUNE 500 and other leading organizations worldwide, is scheduled to present WorldatWork Total Rewards Asia Pacific 2007 from 31 October-2 November at the Pan Pacific Hotel in Singapore. Dedicated to advancing the profession in total rewards, compensation, benefits and work-life balance, WorldatWork convenes with the region’s top employers and management consultants to share trends and best practices on formulating the right mix of rewards and benefits to attract, motivate and retain talented employees.
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| October 1, 2007 | | WorldatWork in Search of Total Rewards Conference Presentations Workshop Proposals Accepted Sept. 5-Oct. 9, 2006 | SCOTTSDALE, Ariz. - WorldatWork, the association for human resources professionals focused on attracting, motivating and retaining employees, is seeking educational workshop presentations on leading-edge research, innovative techniques and emerging trends in compensation, benefits, work-life, performance and recognition, development and career opportunities and executive rewards. Workshop proposals will be accepted Sept. 5-Oct.9, 2006, at www.worldatwork.org/callforpresentations.
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| September 20, 2007 | | WorldatWork to Train Defense Department HR Managers on Market Pay | Washington – Sept. 20, 2007 – WorldatWork, the association of human resources, compensation and benefits professionals, today announced it has been selected to present compensation competency training for the Department of Defense (DoD) Civilian Personnel Management Service (CPMS). WorldatWork will serve as a sub-contractor to Virginia-based SI International (Nasdaq: SINT), a provider of information technology and network solutions, on this award.
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| September 4, 2007 | | New Tool Helps Identify Executive Pay Issues | Sept. 4, 2007 -- Scottsdale, Ariz. -- As CEO pay continues unabated as the most scrutinized area of executive compensation, WorldatWork has created a new tool that poses 225 questions boards of directors will need to address before they approve compensation plans. The WorldatWork Executive Rewards Questionary clearly identifiesevery essential factor for rewarding executives and directors.
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| August 21, 2007 | | Book Provides Solutions to Telework Questions | A recent WorldatWork study showed a 63% increase from 2004 to 2006 in the number of employers who allowed employees to work remotely at least once per month. However, the success of telework depends heavily on applying it to the right employees and supervisors as well as setting up the proper infrastructure. Many organizations simply implement a telework program without a well-examined strategy, which results in failing programs, resentful managers and frustrated employees.
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| July 26, 2007 | | WorldatWork and Sibson Release Study on Performance Management | July 26, 2007 -- Scottsdale, Ariz.. -- To gather information about performance management practices and outcomes, WorldatWork and Sibson Consulting invited WorldatWork members to participate in a confidential, online survey. Results from the 2007 State of Performance Management Study by WorldatWork and Sibson Consulting indicate that improvement in performance management is needed in many organizations and that performance management is stronger in higher performing companies.
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| July 26, 2007 | | WorldatWork Presents Total Rewards Europe 2007 | July 26, 2007 -- SCOTTSDALE, Ariz. -- WorldatWork, an international association of human resource professionals focused on attracting, motivating and retaining employees, is scheduled to present Total Rewards Europe 2007 at the Conrad Hotel, Brussels (Belgium) on 4-5 October 2007.
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| July 18, 2007 | | WorldatWork Survey: Pay Raises Projected to Plateau | SCOTTSDALE, ARIZ. – Tighten your belts: employee pay raises will experience little change if any in 2008. The average salary budget increase for 2007 is 3.9 percent, an increase of 0.1% from last year, according to the 34th annual WorldatWork Salary Budget Survey (SBS). Base pay increases may come from merit increases, cost of living increases and general increases (promotional increases are excluded). Salary budgets – the total amount of money allocated by an organization for all employee salaries – do not include other employment hard costs, i.e. medical/dental insurance, payroll taxes, 401K match, etc.
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| July 13, 2007 | | Bridging the Gap Between Executive Compensation Theory and Practice | The rules for paying top executives in any organization are constantly in flux. Even seasoned rewards professionals must keep up-to-date on all the issues to pass the scrutiny that the government and media place on executive compensation, while still attracting and retaining top talent with irresistible rewards. The need for current knowledge and information on the best practices of rewarding executives continues to grow.
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| June 25, 2007 | | New Study Shows Highly Educated, Certified, Business People Lead Total Rewards Professions | June 25, 2007 – Scottsdale, Ariz. – In the first ever study of its kind, WorldatWork today released the results of the Census of the Total Rewards Profession, a survey of over 3,800 compensation, benefits and human resource professionals in the U.S. As the name of the study implies, the goal of the Census was to create a comprehensive baseline of data about the spectrum of individuals that make up the total rewards profession – primarily, their educational and work experience backgrounds, and the knowledge and skills they need to do their jobs now and in the future.
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| June 13, 2007 | | WorldatWork Guides HR Professionals through Modern Compensation, Benefits & Total Rewards | Scottsdale, Ariz. – HR is changing fast with the birth of new industries and emerging markets, mergers and acquisitions, downsizing, globalization, multi-generational workforces, corporate restructuring, and technological advances. The labor market is tight, and employers are looking for ways to work smarter, faster, and more efficiently. Today, a modern approach is necessary to reshape and reward workforces.
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