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Living , Workspan Magazine article; ;Be Intentional: Communicating Your Employee Value Proposition , Workspan Daily Plus+ article; ;Steps You Can Take to Deliver to the Employee Value Proposition , Workspan Daily Plus+ article; ;Don’t Underestimate the Power of Non-Financial Rewards , Workspan Daily Plus+ article; For Everyone ;‘Year of Contention’: Employers Mull Tight Budgets, Pay Expectations , Workspan Daily article; ;Mercer Report Shows Actual Salary Increases Less Than Anticipated , Workspan Daily article; ;Navigating the Compensation Landscape: Tailoring Pay Philosophy for Growth and Stability , webinar; Almost three-quarters of employees are concerned that cost-of-living expenses are outpacing their salary, according to research from consulting firm Korn Ferry.

Workspan Daily article;ERISA at 50: The Evolution of Retirement Benefits , Workspan Daily article;Retirement Plans — Design Considerations & Administration , course; The funded status of the largest corporate defined benefit (DB) pension plans in the United States made modest gains in 2024 despite rising long-term interest rates and substantial gains for the domestic equity market.

Only 15% of surveyed companies have a 50/50 or more aggressive pay mix.

.; ;50% chose to stop at one child due to work challenges, while 37% delayed having more children for the same reason.; Working mothers also shared in the survey: ;87% have taken a career break due to having children.; ;87% also believe becoming a mother has negatively impacted their career, as they missed out on promotions and other growth opportunities.; ;66% say their workload has increased.; ;59% changed careers entirely, while 31% made adjustments such as switching to a more flexible job or reducing hours.; “The experiences shared by working mothers in this report highlight a deeper issue: Many workplaces are still designed around outdated expectations of who a ‘committed’ employee should be,” said Jasmine Escalera, a career expert at Zety.

According to WorldatWork’s 2024-2025 Salary Budget Survey , lump sums (a pay increase generally distributed in the form of a single cash payment, as opposed to a base salary bump) are often utilized to: ;Avoid increasing workers’ base pay due to tight budgets;; ;Give an employee more buying power; or, as in this case,; ;Compensate when an employee has reached or exceeded the maximum of their salary range but has earned a merit increase.; The WorldatWork survey found that, in 2023, exempt salaried employees were most likely to be offered a lump sum, with 50% of surveyed organizations providing this type of bonus to 10% of their workers.

.; Report Finds Half of Retirees Fear Running Out Money Fifty-eight percent of pre-retirees aged 50 to 75 who are within five years of retirement and are currently enrolled in an employer’s defined contribution (DC) plan are worried about running out of money in their DC plan in retirement, according to a new report by insurance and benefits provider MetLife.

Looking at employer size, companies with: ;500 or more employees gained 74,000 jobs; ;250 to 499 employees gained 3,000; ;50 to 249 employees lost 25,000; ;20 to 49 employees gained 5,000; ;1 to 19 employees lost 15,000; 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; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

From there, the White House will set their performance standards.; ;The Office of Management and Budget (OMB) will adjust agency budget apportionments “to ensure tax dollars are spent wisely.”; ;The President and the U.S. attorney general (subject to the President’s supervision and control) “will interpret the law for the executive branch, instead of having separate agencies adopt conflicting interpretations.”; Toward the third bullet point, the executive order stated, “No employee of the executive branch acting in their official capacity may advance an interpretation of the law as the position of the United States that contravenes the President or the attorney general’s opinion on a matter of law, including but not limited to the issuance of regulations, guidance and positions advanced in litigation, unless authorized to do so by the President or in writing by the attorney general.”

WorldatWork’s “ 2023-24 Salary Budget Survey ” found that employers are projecting salary increase budgets to average 4.1% in 2024.