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.; 2) Know the Jobs Different sales jobs have different goals and priorities that should be reflected in the incentive plan’s design.

Finally, for retention bonuses, these are now offered by 66% of participating organizations, marking an 8% increase from 2021 and a 21% rise from pre-pandemic levels.

Department of Labor’s Employee Benefits Security Administration (EBSA) on Tuesday, Aug. 12, rescinded a Dec. 21, 2021, supplemental statement that discouraged fiduciaries from considering alternative assets in 401(k) retirement plan investment menus.

Most large employers are requiring an ROI of at least 2:1 or 3:1 for each health management program offering.

While the codes took effect on Nov. 21, supporting rules under both central and state jurisdictions are still to be finalized.

The HR software company analyzed payroll data from more than 400,000 U.S. businesses and found: ;End-of-year bonuses in 2024 averaged $2,503 — 2% higher than in 2023.; ;Communications industries — the highest-performing S&P 500 sector in 2024 — had the biggest leap by far, paying out 22% higher bonuses year-over-year.; ;Increases in other industries (10% in real estate, 9% in entertainment and recreation, and 8% in retail) also reflect a strong 2024 for those sectors and business owners’ optimism.; ;Bonus amounts in some service industries were down, including personal services (down 10%) and tourism and accommodations (down 7%), potentially signaling a cooling of wage growth for service workers after several years of post-pandemic wage increases.; ;The transportation and warehousing industries also saw a 10% decrease in bonus amounts, following a downturn in freight rates, demand and revenues.; “Instead of spreading bonuses more evenly, companies may be concentrating

This will require a sound understanding of the characteristics of the various types of rewards programs, what type of work and worker they best fit and how they can be administered effectively.

Telework has compelled corporations to deal with empty office spaces, requiring them to reduce headcount for certain types of work.

Re-Examine Your Pay Ranges; To Offer or Not to Offer Compensation professionals exploring this question — and ways to keep lump-sum merit replacements equitable — in a WorldatWork Engage forum post shared various insights: ;“We move our ranges every year, say 2%, so even an employee who was at the top of the range will get a 2% base pay increase,” said Ken McLean, a senior compensation analyst at Newport News, Va.

Key Takeaways Down in the rankings: “Building and maintaining culture” was listed as the No. 6 leadership concern in a recent Gallagher poll; it was No. 2 last year.