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In North America, costs are projected to rise from 8.1% in 2024 to 8.7% in 2025, while in the U.S., insurers project a 10.2% increase in 2025, up from 9.3% this year.

Terrence Campbell, Senior Project Manager of Compensation and Commissions, Elekta Previous Next

The survey report also showed Canadian employers project 3.4% mean salary increase budgets for next year — identical to their 2025 actual outlays.

The focus is on completing work effectively — rather than having a warm body in a seat or a green glowing light that proves an employee is online.

Extend Other Cash Incentives Other short-term incentives could help fill the gap as well, including spot bonuses, retention bonuses, profit-sharing, opportunities for commissions, or rewards based on individual projects, goals or targets .

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For example: ;Attend other departments’ meetings and events to build interest and commitment to collaboration.; ;Share relevant TR insights and data when appropriate to support the goals of other departments.; ;Create a shared project management tool so all departments can view the progress of collaboration projects.; Ensure Structural Integrity Data and metrics are essential tools for TR professionals to foster cross-departmental collaboration.

After assembling a team, next comes a “current-state” assessment of all the available internal information on employees and titles, as well as the creation of a clear governance framework that will help define the scope of the project and key responsibilities at each stage of the project.

Cantrell also pointed to other innovative strategies organizations are implementing, such as: ;Redefining the role of plant manager as more of a mentor than boss, emphasizing collaboration and emotional intelligence.; ;Creating an internal entrepreneurship model where teams with joint decision-making train and develop new teams.; ;Splitting the manager position into a people leader, focused on developing employees, and a work leader, focused on leading projects and maintaining deadlines and budgets.; ;Implementing a four-day work week, with the fifth day dedicated to employee personal development.; ;Having managers and employees co-create personalized career plans, offering individualized learning and mentoring pathways.; For employees with potential and a growth mindset who don’t want to manage people, Richard encouraged offering advancement and salary-boosting opportunities and roles such as senior specialists, team leads, subject matter experts, informal mentorship roles, project

WD: What does this report reveal about global 2026 base salary increase projections?