As the workplace increases in complexity, salary budget planning has become more challenging for today’s Total Rewards professionals. Rise to the challenge with essential strategies to optimize salary increase budgets.
Join us in this dynamic webinar and learn how to navigate the complexities of balancing financial prudence and economic uncertainties with the imperative to attract top talent and drive organizational performance. You’ll learn from an expert panel representing a range of perspectives from practitioner, research and economist viewpoints, ensuring every angle is covered. In addition, you’ll glean key insights from WorldatWork’s 2024-2025 Salary Budget Survey, a source trusted by compensation and Total Rewards professionals for decades. Whether you’re looking to refine existing practices, embrace innovation or prepare for economic shifts, get the knowledge and confidence to excel in the upcoming budget planning season.
Register today to learn to:
- Identify and assess economic factors and trends impacting pay and budgeting decisions.
- Understand the differences between cost of living and cost of labor and how each one impacts salary budgeting.
- Apply findings from WorldatWork’s 2024-2025 Salary Budget Survey to inform your strategies.
- Develop salary budgets that balance financial constraints with the need to offer competitive compensation, integrating both foundational and innovative methods.
Elizabeth Crofoot is a Senior Economist and Principal Researcher at Lightcast, a leading labor market analytics and consulting firm specializing in labor market trends and workforce development.
With over 20 years of experience in assessing US and global labor market and compensation data, Elizabeth is an expert in researching businesses' responses to labor and talent shortages. She works closely with global enterprises to address these challenges by identifying rising skills and occupations in their markets, assessing labor costs, and developing skill-based hiring and training plans. She also possesses extensive experience in evaluating global labor market competitiveness, assisting business leaders with strategic geolocation decisions based on labor market dynamics. Her insights have guided numerous organizations through the evolving landscape of the modern workforce.
Prior to her current role, Elizabeth held positions as a Senior Economist at The Conference Board and as a Supervisory Economist at the U.S. Bureau of Labor Statistics. She has shared her expertise on labor market trends in various media outlets, including the Wall Street Journal, the Financial Times, and NPR’s Marketplace. Elizabeth is also an author of numerous reports and blogs on labor shortages and workforce development. She earned an MA in Economics from American University and a BA in Political Science and Economics from the University of Washington.
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Connie Haney is a seasoned Rewards leader who has established and implemented strategic rewards functions in a broad range of companies. Working with board, C-Suite and business leaders to align rewards strategies and practices with corporate goals and business strategies, she has designed and implemented broad based and executive compensation and benefits programs for high performing global organizations. Recently her focus has been on helping small, high growth companies establish scalable rewards programs and system.
Currently, she is Director, Total Rewards for Acumatica an ERP solutions technology firm. Prior to Acumatica, Connie served as Director, People Operations for Teknova, Inc., building and implementing people programs and systems for a newly public biotech manufacturing company. Other roles she has held include Vice President, Total Rewards for CoorsTek, Inc. a $2B global industrial ceramics manufacturing organization where she led the transformation of the global rewards strategy and closed a significant gap to market ensuring competitive base pay in all countries. Additionally, she has held positions including Rewards Consultant with Willis Towers Watson, Managing Director, Global Compensation & Benefits for Lam Research Corporation in Silicon Valley and Compensation & Benefits leadership positions with Mentor Graphics Corporation, GMAC-ResCap, Cargill, Inc., Ceridian Corporation, and Foodmaker, Inc. parent company of Jack In The Box restaurants.
Connie has a BA in economics from Trinity International University, MBA from George Fox University, SHRM-SCP and CECP, CCP®, CBP and GRP from WorldatWork. Connie is a member of the WorldatWork faculty and past Compensation Advisory Board Member.
Liz Supinski joined WorldatWork as the Director of Research and Insights in 2022. Previously she was the Director of Research Products for the Society for Human Resource Management. Prior to her years at SHRM, Liz spent many years as a consultant in the HR space, much of it focused on personnel selection and promotional testing. Liz specializes in integrative data storytelling, leveraging machine learning, traditional statistics, data visualization and narrative text to turn data into actionable insights.
Liz holds an MA in Industrial/Organizational Psychology from George Mason University and an MS in Data Science from Indiana University Bloomington and is certified as a SHRM-SCP.
