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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 Recognition; ;Organizational Performance; ;People Analytics; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

In addition,  the United Kingdom’s 2023 average total salary increase budget exceeded projections, reaching 4.5% (4.0% median) compared to the projected 3.9%.

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Join us as we walk through the compensation lifecycle and explore how each stage can be optimized by HRSoft’s compensation management platform to create a more streamlined and effective total compensation strategy.

OASI is funded by a 5.3% payroll tax paid by workers and employers (10.6% total) and the SSDI by a 0.9% tax (1.8% total).

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The music streaming company has a total workforce of around 9,800 people, which means the cuts impact about 600 employees.

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Following legislation passed last year mandating that employers reveal the pay of men and women employees, the report found the median total pay gap was 19% in favor of men, while the difference in median base pay was 14.5% and in average total pay was 21.7%.

More than 1,000 total rewards professionals attended a WorldatWork webinar on the DOL’s recent overtime final rule.