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The percentage of business leaders who reported executives will receive bonuses this year.

Access a Workspan Daily article on this subject: How Employers Can Better Train Managers to Talk About Pay; Challenges Employers Face Despite a lack of strategy, 63% of U.S. organizations in Mercer’s report stated they plan to share pay information both internally and externally over the next two years, but 37% of U.S. employers (and 34% of global respondents) reported a lack of manager capability with understanding and explaining compensation programs and practices to employees as their biggest hindrance.

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 ;Employee Benefits ;

Organizational Performance Employee Compensation Employee Recognition Total Rewards Survey Results Employers are increasing their efforts to innovate and are relying on financial and non-financial rewards to spur new ideas and ways of doing business.

;Short-term incentives offered. 79% of organizations surveyed offered individual performance-based incentives.; 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 ;Employee Experience ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

Organizations facing this new legislative reality see a need to re-examine the design of their own compensation programs.

Mercer’s “ QuickPulse US Compensation Planning Survey ” indicates employers are planning to raise their compensation budgets by 3.5% for merit increaeses in 2024 and 3.9% for their total salary increase budgets for non-unionized employees.

., new products, production efficiencies) — 45%;Quality/value of potential innovative initiatives in the pipeline — 44%;Potential or actual revenue/profit of innovative initiatives — 43%;Number of innovative initiatives implemented — 43%;Level of employee engagement, satisfaction or retention — 31%; “Measurement and rewards can help drive innovation by signaling priority and increasing motivation," said Sue Holloway, compensation and rewards content director at WorldatWork.

Leading employers are moving to embed a cohesive fair pay strategy in their compensation philosophy and apply it consistently throughout their global employee base.

Most firms plan to maintain their direct compensation pay mix.