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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.

;Total payroll expenses moved higher.

Recertification is more than maintaining a credential — it's reinforcing your expertise, staying current in a dynamic field and demonstrating your ongoing commitment to excellence in Total Rewards, Compensation and Benefits.

Released in February, its “ 2021 Total Rewards Inventory Programs and Practices ” report revealed that, out of a total of 886 responses, representing U.S. organizations across varying sizes and multiple industries, 10% said they offered paid sabbaticals to their employees (in 2016, it was 8%).

To retain top performers and engage employees, HR and total rewards leaders can learn from past decisions to help design and deliver innovative compensation strategies today and in the future.

For 2023, expected tech industry total salary increase budgets remain higher than the general industry, and 27% of survey respondents expect a total base pay increase budget over 6%. 2023 Bonuses Notwithstanding tech sector headwinds, six of 10 companies expect funding for bonus payouts made in 2023 (for 2022 performance) to be at 100% of target or better.

Logically, benefits strategies, as an integral part of the total rewards strategies, emerged as a critical lever for effectively managing the new employer-employee relationship.

;Target Total Compensation.

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