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Employers should use a “Goldilocks” approach to setting salary increase budgets, lean on total rewards and ensure you’re sending the correct message to existing and prospective employees.; Confusion is a natural response to recent headlines about the economy, the alarming spread of layoffs (particularly in high tech), continued high inflation and the undeniable — yet stubborn — reality of labor shortages.

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A total of 364 responses were received from full-time sales compensation professionals via the online panels Dynata, InnovateMR and MarketCube.

For WorldatWork Members What’s Working in Total Rewards, October-November 2024 , Workspan Magazine article;How Sharing Real-Time Data Elevates EY’s Well-Being Strategy , Workspan Magazine article;Five Emerging Workplace Trends Affecting the Employee Experience , Workspan Magazine article;Workplace Wellness: Best Practices Study , Journal of Total Rewards article; Health or fitness trackers are popular, wearable devices individuals use to track health-related data — such as daily activity levels, heart rate, oxygen saturation, sleeping patterns and even skin temperature — to aid in living a healthier lifestyle.

Presenters at Total Rewards’23 cautioned that organizations that aren’t fully transparent about how and why they pay employees will quickly fall behind in the war for talent.

Businesses have continued to provide offerings based on historical practice, rather than viewing this as an opportunity to lead what talent looks like for their organization, and ensuring that their employee value proposition includes a holistic total rewards philosophy that's available to all.

The total cuts will amount to about 3% of headcount that has ballooned to almost 47,000 from 28,000 just five years ago and 17,000 in 2012.

For WorldatWork Members 2025-2026 Salary Budget Survey , research;How to Communicate Pay Frequency Changes , Workspan Magazine article;Comp Talk 101: Training Managers to Communicate Pay Decisions , Workspan Magazine article;Teaching Employees About Pay Helps Avoid Transparency Problems , Journal of Total Rewards article;Salary Data Center , tool; For Everyone 5 Ways Comp Pros Can Maximize Their Market Management Tool , Workspan Daily article;Benchmark Gaps: Staying Market-Driven When Comp Data Is Missing , Workspan Daily article;The Five Goals of a Strong Compensation Structure , Workspan Daily article;Perception Is Everything: The Path to Pay Confidence , Workspan Daily article;AI Can Reduce Bias in Pay Decisions — If It Doesn’t Embed Them , Workspan Daily article;Salary Budget Planning Playbook: Data, Strategy and Insights for the Year Ahead , webinar; Organizations and their total rewards professionals make compensation decisions on a daily basis

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 ; ;Well-Being ; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.