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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.

For WorldatWork Members ;Comp Talk 101: Training Managers to Communicate Pay Decisions , Workspan Magazine article; ;If Workers Feel Squeezed, Reinforce the Sum Total of Your Rewards , Workspan Daily Plus+ article; ;Leveraging Job Descriptions for Effective Compensation , tool; ;Pay Perception: The Missing Link in Your Compensation Strategy , on-demand webinar; For Everyone ;Tips on Taking the Emotion Out of Pay Conversations , Workspan Daily article; ;Five Tips for Communicating Compensation in a Tight Budget Year , Workspan Daily article; ;The ‘Salary Squeeze’: How the Workforce Is Weighing Compensation , Workspan Daily article; ;‘Year of Contention’: Employers Mull Tight Budgets, Pay Expectations , Workspan Daily article; ;How Total Rewards Can Break the Cycle of ‘Job Hugging’ , Workspan Daily article; Your employees are likely afraid to ask for a pay raise — and that should be concerning.

Nike to Cut About 2% of Workforce Nike will cut about 2% of its total workforce, or more than 1,600 jobs, according to the Wall Street Journal .

Personalizing Total Rewards Because the Class of 2024 is going to be a particularly diverse group, employers will need to take a unique approach to compensation and rewards, said Gordon Frost, global rewards solution leader at Mercer.

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.

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

That figure is down from 18% in 2024.; ;8: The percentage of surveyed workers who said they clearly understood their employer’s AI vision, according to the 2026 State of Performance Enablement report from performance management software company Betterworks.; 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: ;Career Growth; ;Employee Compensation; ;Finance and Budgeting; ;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.