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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 Experience; ;Employee Recognition; ;Equitable and Diverse Workplaces; ;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.

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.

For WorldatWork Members Internal Mobility Keeps Employees from Moving On , Workspan Magazine article;How to Incorporate Skills into Rewards and Recognition , Workspan Daily Plus+ article;How Total Rewards and Career Development Go Hand in Hand , Workspan Daily Plus+ article;Support Your Employees’ Career Growth with Development, Transparency , Workspan Daily Plus+ article;Seeing the Unseen: Identifying Gender Bias in Employee Recognition , Workspan Daily Plus+ article; For Everyone Recognition’s Rise in the New World of Total Rewards , Workspan Daily article;Recognize the Power of Employee Recognition , Workspan Daily article;Why Internal Talent Development Is Increasingly Popular , Workspan Daily article;Talent Marketplaces: Creating Opportunities for Career Progression , Workspan Daily article;Professional Development’s Link to the Employee Value Proposition , Workspan Daily article; Identifying high-potential employees is critical to corporate success

This is its lowest level since 2020, costing the world economy an estimated $10 trillion in lost productivity.; 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;Employee Experience;Organizational Performance;Well-Being;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.

The Journal of Total Rewards 32(3).

Further, when modeled correctly, companies can achieve this without increasing total sales compensation cost.

For WorldatWork Members Using Analytics to Fully Assess and Close the Pay Gap , Journal of Total Rewards article;Pay Inequity: Past, Present and Future , Journal of Total Rewards article;Getting Serious About Gender Gaps — Assessing Pay Equity in New Zealand , Workspan Magazine article;Examining the Progress on Pay Equity , Workspan Magazine article; A complete pay equity analysis (done with legal counsel to establish privilege and including a regression analysis ) is a must to understand where gender pay inequity shows up in an organization.

Projection at 3.8% , Workspan Daily;Survey Data, Partnerships Enable Effective Salary Budget Plans , Workspan Daily article;Mercer Projects 3.6% Total Salary Increase Budgets in 2025 , Workspan Daily article;Conference Board Projects 3.9% Salary Increase Budgets for 2025 , Workspan Daily article;Payscale: U.S.

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FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.