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A small but growing total rewards trend is looking to combat that issue.

Relocation benefits remain a tool for total rewards professionals to recruit top talent in hands-on industries such as healthcare and manufacturing.; After falling to a record low of 1.5% in the fourth quarter of 2023, the percentage of U.S. workers relocating for new jobs increased to 2.4% in the first quarter of 2024, according to a new quarterly report published by Challenger that surveyed 3,000 job seekers across the country.

For WorldatWork Members Leveraging Incentives for Future Work Challenges: Exploring the Employee Perspective , Journal of Total Rewards;The Future of Work and Rewards , research;AI Is HR’s Future, but Modernization Comes First , Workspan Magazine article; For Everyone Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article;Job Architecture for the Future of Work , on-demand webinar;How AI Is Transforming the Total Rewards Landscape , Workspan Daily article; CEOs are pumping out new business strategies in the wake of increased competition, mandates and disruption.

For WorldatWork Members ;College Recruiting and Employment Decisions: What Total Rewards Messages Matter Most This Year?

The survey of more than 800 U.S. organizations showed employers delivered an average merit increase of 3.2% and a total increase of 3.5%, which encompasses all salary increases, including merit, promotional, cost-of-living and other adjustments, in 2025.

CNN reported May’s job gains were considerably higher than the April total, which was revised down to 165,000.

Salary Data Center Save Whether you need the most reliable HR-reported source of up-to-date salary benchmarking data or want to look at total compensation for your top executives against multiple peer groups, WorldatWork members can get started for free with these free tools.

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

The challenge for employers is to achieve a new balance of flexibility, total rewards and benefits to retain and engage as well as recruit employees.

During WorldatWork’s Sales Comp’24 conference on Tuesday in San Francisco, leaders from PepsiCo and partner companies shared what gears organizations need to keep aligned and running for this total rewards vehicle to operate effectively.