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The agreement also includes an immediate $1 pay increase, followed by additional dollar increases in March 2026 and 2027.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Employee Compensation; ;Organizational Performance; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Finally, EY closes its offices completely for the week of July 4th and the last week of December through Jan. 1.

The 1% failure rate is derived from six failed votes observed to date, which is markedly below the 13 and 22 failed votes observed at a similar time in the proxy season in 2022 and 2021, respectively.

[Conversely, 53% were at Level 1 and 27% were at Level 2.]

Under Internal Revenue Service (IRS) Section 125 rules , election changes could be made as late as Dec. 31, but administratively, it may be a nightmare for the employer to implement those changes before coverage begins on Jan. 1, so an earlier deadline is set.

Democrats hold a 3-1 majority (one seat is vacant) and will retain control until July 2026 at the earliest.

Another Mercer study — Inside Employees’ Minds (IEM) — revealed just 1 in 2 U.S. women (53%) felt their career goals could be met by their current employer, lower than prior years.

Country 2026 Planned 2025 Actual 2025 Planned 2024 Actual Brazil 5.8% 6.3% 5.6% 5.8% Canada 3.5% 3.5% 3.5% 3.8% China 4.0% 3.8% 5.0% 5.0% France 3.2% 3.1% 3.5% 3.8% Germany 3.4% 3.4% 3.8% 4.0% Saudi Arabia 3.9% 4.1% 4.1% 4.1% United Kingdom 3.6% 3.6% 3.8% 4.0% United States 3.5% 3.5% 3.9% 4.0% Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Finance and Budgeting; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Finance and Budgeting;Organizational Performance; ;Sales Compensation; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.