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“To prepare for those talks, employers need to be ready to share how factors like budget and performance can impact an employee’s pay, as well as how their benefits and other perks contribute to their total compensation.

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For WorldatWork Members How to Reward Top Performers When Pay Raises Aren’t Possible , Workspan Daily Plus+ article;If Workers Feel Squeezed, Reinforce the Sum Total of Your Rewards , Workspan Dily Plus+ article;Perspective: Competitive Pay-to-Stay Wins Over Pay-for-Performance , Journal of Total Rewards article;Navigating Living Wages in Total Rewards , Workspan Magazine article;Compensation Philosophy Guide , tool;Leveraging Job Descriptions for Effective Compensation , tool; For Everyone Report Results Smack of ‘Peanut Butter’ Pay Raise Approach for 2026 , Workspan Daily article;The ‘Salary Squeeze’: How the Workforce Is Weighing Compensation , Workspan Daily article;Merit Reveal Season Is Here.

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The outputs of those (actions) are our people-related programs like total rewards management.

For WorldatWork Members ;ESG Metrics Expanding in Executive Compensation , Journal of Total Rewards article; ;Five Thought Leaders Dive Deeper Into Executive Compensation Issues , Journal of Total Rewards article; ;Are Complex Pay Systems Hurting Executive Comp?

In December, total employer compensation costs for state and local government workers averaged $63.46 per hour.

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; ;Employee Recognition; ;Finance and Budgeting; ;Workforce Engagement; #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: ;Employee Compensation; ;Employee Recognition; ;Finance and Budgeting; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members ;Skills-Based Mentoring: An Efficient Way to Build Skills , Workspan Daily Plus+ article; ;How Apprenticeships Can Help Organizations Gain Skilled Workers , Workspan Daily Plus+ article; ;A Step-by-Step Guide to One Skills-Based Org Lever TR Can Pull , Workspan Daily Plus+ article; ;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+ article; For Everyone Else ;Organizations Are on the Skills Bandwagon; How TR Can Drive It , Workspan Daily article; ;How Total Rewards Can Close the Work Experience/Readiness Gap , Workspan Daily article; Recent reports show that half of HR leaders see skills shortages as a top corporate threat in the coming year, and experts predict 70% of the skills used in most jobs will change by 2030.