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By analyzing historical voting trends, companies can better strategize and plan shareholder engagement for new proposals.

See Issue Journal of Total Rewards Q2 2024 Studies of a variety of topic rewards topics, from AI and pay transparency to career advancement to analyzing a pay gap.

We analyzed our remuneration database, which holds a significant sample of more than 187,000 employees in 1,200 organizations across New Zealand.

In addition to communicating with employees, you should make sure to connect and coordinate with key vendors and service partners, such as payroll providers, 401(k) recordkeepers, financial institutions and insurers, about when and how the change will roll out.

Census Bureau announcement that the gender wage gap widened in a “statistically significant” way for the first time since 2003 — and the larger picture that the wage gap has barely narrowed in two decades — may serve as an eye-opener for employers that have not yet internally analyzed or tackled wage disparities.

;Collect and analyze compensation actually paid (CAP) data.

Moving forward likely starts with an ability to access and analyze vast amounts of data generated in most organizations ’ HR systems — f or instance, a human resource information system ( HRIS ) , applicant tracking system ( ATS ) , learning management system ( LMS ) , and/or p ayroll and ancillary information technology ( IT ) and communications systems.

The HR software company analyzed payroll data from more than 400,000 U.S. businesses and found: ;End-of-year bonuses in 2024 averaged $2,503 — 2% higher than in 2023.; ;Communications industries — the highest-performing S&P 500 sector in 2024 — had the biggest leap by far, paying out 22% higher bonuses year-over-year.; ;Increases in other industries (10% in real estate, 9% in entertainment and recreation, and 8% in retail) also reflect a strong 2024 for those sectors and business owners’ optimism.; ;Bonus amounts in some service industries were down, including personal services (down 10%) and tourism and accommodations (down 7%), potentially signaling a cooling of wage growth for service workers after several years of post-pandemic wage increases.; ;The transportation and warehousing industries also saw a 10% decrease in bonus amounts, following a downturn in freight rates, demand and revenues.; “Instead of spreading bonuses more evenly, companies may be concentrating

The same can hold true for total rewards professionals when analyzing their organization’s compensation system.

AI is the process of having computers synthesize and analyze information in the same way humans do to assist in making decisions.