Searching salary history in evolve Magazine,Workspan Daily,Workspan Podcast on page 1

While the impending rules pertain only to federal employees and contractors, salary history bans and pay transparency legislation are both on the rise, with more jurisdictions likely to follow.; Reuse Permission An executive order prohibiting the use of salary history data in hiring by federal agencies and federal contractors has been announced by the Biden administration.

As a result, WorldatWork’s “ 2022-23 Salary Budget Survey ” revealed that salary increase budgets reached their highest level in 20 years in the United States, rising to an average of 4.1% in 2022 with a 3.8% median.

Reuse Permission As reported by CNBC , Target is doubling its bonus payments to salaried employees as its profits recover.

Salary Budget Survey 2024-2025: Participation Closes May 15 Mercer’s latest survey findings fell below WorldatWork’s 2023-24 Salary Budget Survey of 2,146 participating U.S. organizations, which in July 2023 projected 4.1% pay increase budgets in 2024.

For WorldatWork Members 2024-2025 Salary Budget Survey , research;Salary Data Center , tool;Dive into the Future: Salary Budget Planning for the Year Ahead , on-demand webinar; For Everyone Global Salary Increase Budgets Contracting; U.S.

Previous reports and 2025 projections included: ;WorldatWork: 3.8% mean U.S. salary increase budgets;The Conference Board: 3.9% average U.S. salary increase budgets;WTW: 3.9% median U.S. salary increases;Payscale: 3.5% average U.S. salary increases; ; “Salary increases are strongly influenced by labor supply and demand,” said Alicia Scott-Wears, a compensation content director at WorldatWork.

Healey on Wednesday, July 31 signed into law “An Act Relative to Salary Range Transparency” (H.4890), which increases equity and transparency in pay by requiring employers in the state to disclose salary ranges and protecting an employee’s right to ask for salary ranges.

Lauren Mason, senior principal, career, at Mercer, said the projected decrease in salary budgets from 2023, which saw salary increase budgets average 4.4% , is likely a combination of economic uncertainty and labor market softening.

WorldatWork presented “Dive into the Future: Salary Budget Planning for the Year Ahead,” a webinar held Tuesday, Aug. 13, to help attendees responsible for this work by sharing: Ideas on how to use salary budget survey data in the budget planning process,;Fresh thoughts on how to synthesize data from multiple salary budget surveys, and;Insights on how to forge strong budgeting partnerships.; (If you missed the live session, the webinar is now available on-demand .)

WorldatWork’s “Salary Budget Quick Poll” confirms that organizations have evaluated the environment and are increasing their previously planned salary budgets to address the competitive labor market and inflation.