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A total of 1,064 responses were received, representing organizations of different sizes and across multiple industries.

The total number of Americans voluntarily working part time is now more than five times the number of people who work part time but would prefer to work full-time, according to new data from the U.S.

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However, collect market data to establish target total compensation amounts for each job.

Grieb explains that the new rule expressly allows fiduciaries to consider what steps might increase the participation rate for their specific employees, adding that if certain investments could increase total plan assets through stronger participation or higher deferral rates, the DOL thinks that can be a relevant factor.

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“You have so much more information out there, in some respects I think it’s reshaping how some folks are going about any sort of salary negotiation,” said Nancy Romanyshyn, senior director of total rewards strategy and solutions at Syndio, a pay equity software company.

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; ;Finance and Budgeting; ;Organizational Performance; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.