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Despite varied organizational characteristics, said Liz Supinski, WorldatWork’s director of research and insights, these factors were generally identified as those expected to have the most impact this year, with thriving companies focused on enhancing competitiveness and alignment, while struggling businesses expect to emphasize improving employee understanding of rewards to drive outcomes without requiring major budget increases.

Employee Compensation Survey Results As more legislation is enacted prohibiting questions about a job candidate's salary history, companies are reconsidering their policies.

Key Takeaways Costco Union Members Prepare to Strike; Company to Raise Wages;Target to End Some DEI Initiatives and Goals;Study: HDHP Enrollment Fell for Second Straight Year;Singapore Passes Bill to Tackle Workplace Discrimination; Reuse Permission Costco Union Members Prepare to Strike; Company to Raise Wages More than 18,000 Costco union members are prepared to go on strike if a contract is not approved by Jan. 31, according to ABC News report .

Wage Increases The headline of a recent article in the Wall Street Journal touted “Companies Plan Big Raises for Workers in 2022.”

Companies are becoming more prudent about their compensation spend, she said, as well as focusing on providing market and equity pay adjustments for employees as a result of pay compression or internal equity.

To find out, one company dug into the problem and shared its findings.

For high-performing employees whose pay outcome was limited by company budget, this discussion might involve expressing appreciation for their contributions and communicating the ways the company values employees outside of salary increases and bonuses (e.g., benefits, flexibility, etc.).

As a result, some companies find the idea of helping employees purchase a home intriguing, according to a JW Surety Bonds survey.

“Leaders experiencing burnout are also half as likely to be engaged in their role, and this disinterest can be contagious, eroding company culture and team morale.

Managers typically receive inadequate training (if any) on how to use their company’s pay programs, so many use pay as a crutch.