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According to the poll of 200 CFOs in organizations with a minimum of $1 billion in revenues, 72% said the status of the North American economy will be better in a year.

See the infographic See the infographic 57% very familiar with living wage 36% currently paying living wages 29% cite budgets as challenge in implementing living wage 73% cite "attracting talent" as a key motivation for providing a living wage Thank You for Being a Member Get the most from your membership today!

That figure for 2026, which considers the financial impact if employers took no action to lower their costs, is in line with other industry prognostications, including: ;Business Group on Health (9%); ;Mercer (9%); WTW survey respondents identified three primary cost drivers for the year ahead: ;Pharmaceuticals , primarily specialty drugs and glucagon-like peptide-1 (GLP-1) medications;; ;High-cost claimants; and,; ;Chronic conditions, especially musculoskeletal disorders and cancers.; As a result of rising costs, claimants and conditions, 1 in 3 surveyed leaders anticipate making “significant changes” to their healthcare benefit programs within the next three years.

Forty-nine percent of surveyed organizations now report targeting base pay above the market median (compared to only 36% in 2018), with mature entities almost three times more likely to do so.

California: New Limits on Stay-or-Pay Contracts Start on Jan. 1 Effective Jan. 1, 2026, California Assembly Bill 692 (AB 692) will limit an employer’s ability to impose repayment obligations for upfront sign-on and retention bonuses, as well as certain other “stay-or-pay” practices (such as tuition and loan assistance programs).

In Figure 1, most organizations have not yet taken action, with 45% of global organizations (37% U.S.) adopting a wait-and-see approach and 29% actively reviewing their programs (33% U.S.) as the regulatory environment unfolds.

California, Rhode Island and Washington have pay transparency legislation that will take effect on Jan. 1, 2023.

The total of 36 hours per week makes them full-time employees, entitled to an array of benefits, most notably health insurance — medical, vision and dental, according to LancasterOnline .

A recent report by consulting firm Mercer cited that 72% of companies are investing in automation and 47% are investing in artificial intelligence (AI) to improve the effectiveness of functions such as HR and TR.

HR and Risk Professionals 1.