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Key Takeaways Raises of at least 4% are projected.

Access a related Workspan Daily Plus+ article on this subject: ;The Power of Play: Gamifying Employee Benefits Awareness; Other prominent research takeaways were: ;Nearly 3 in 4 participating workers would be more inclined to stay with their employer if benefits reflected their personal needs , but employers are generally not implementing the personalized programs needed for retention.; ;Workers rank work-life balance and flexibility higher than any other benefit, including salary — yet most employer programs still lead with compensation.; ;Just over 1 in 4 workers report mental health concerns, but utilization of support programs remains low — suggesting a gap in awareness, understanding or value.; As costs affiliated with total rewards (TR) rise and 72% of employers look to make changes to their benefit offerings, now is the time for HR and TR professionals to expand their field of vision since a misaligned rewards strategy is not only expensive but can lead to

President, Donald Trump vowed to eliminate taxes on tips earned by select hourly workers .Three months after being elected to the office, he reiterated that pledge in a March 4 joint address to Congress, stating this and other tax breaks are “a very big part of our plan” to financially assist American workers.

.;4% for officers and executives.; Source: WorldatWork’s “2023-24 Salary Budget Survey.”

;Participate in WorldatWork Council virtual meetings (held 4-6 times per year).

Workspan Daily , Sept. 4, 2024.

For WorldatWork Members How TR Pros Can Help Workers Financially Prepare for Retirement , Workspan Daily Plus+ article;FAQs to Help You Navigate Employee Retirement Discussions , Workspan Daily Plus+ article;Using Metrics to Drive Employee Retirement Readiness , Workspan Daily Plus+ article;How to Tackle the Retirement Savings Gap for Women , Workspan Daily Plus+ article;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article; For Everyone The Math That Changes Everything: Modeling Retirement Income , Workspan Daily article;Why Financial Wellness Benefits Are More Important than Ever , Workspan Daily article;4 Steps to Help Pre-Retirees Consider, Plan for Retirement Income , Workspan Daily article;Take 3 Actions to Help Workers Turn Savings into Retirement Income , Workspan Daily article;Retirement Plans: Design Considerations and Administration , course; As the defined contribution (DC) system moves into 2026

Just 4% of organizations polled said they do not have pay equity on their radar, compared to 7% saying the same in 2020.

As such, employee attitudes and behaviors in turn impact: 1) the attraction and retention of employees; 2) employee well-being; 3) strategic employee behaviors;4) employee citizenship behaviors; and 5) employee performance.

Only 4% of Gen Z and millennial employees strongly agree that workplace contributions are effectively recognized in their organization, Gallagher found .