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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 Benefits; ;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.

The May 2026 total is the highest for the month since 2020, when 397,016 job cuts were recorded at the height of the pandemic.

“This market range is based on total compensation (vs. only base salary), which is in line with our compensation philosophy,” the listing read. 

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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 Benefits; ;Employee Experience; ;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.

Performance , Journal of Total Rewards article; ;Compensation Committee Toolkit , tool; For Everyone ;SEC’s Final Clawback Rules: What to Know , Workspan Daily article; ;Tips for Drafting a Clawback Policy to Protect Against Future Risks , Workspan Daily article; ;Divergent Perspectives Emerge at SEC Executive Comp Roundtable , Workspan Daily article; ;Executive Compensation Immersion Program , course; ;Essentials of Executive Compensation , course; Clawing back an executive’s pay can be an emotionally fraught process, but organizations have tools at their disposal to help ease the burden on total rewards teams, the compensation committee and affected executives.

"Geographic pay policies have existed for many years but in the past were more about an organization's multiple physical work locations rather than where the work was being performed, including employees' homes like with remote work," said Alicia Scott-Wears, WorldatWork Director Total Rewards Content.

The factors are to be considered in their totality, reflecting the “economic realities” test developed by the courts.