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Reuters reported the layoffs would affect about 15% of Verizon's workforce and reduce non-union management ranks by more than 20%.; 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; ;Equitable and Diverse Workplaces; ;Finance and Budgeting; ;Organizational Performance; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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The new salary levels introduced last year by the Department of Labor (DOL) were blocked by a federal judge in Texas on Nov. 15 .

The 34,000-employee company, with operations in 110 countries, is preparing its “Live Better” well-being initiative for the next 15 years.

Workspan Magazine article;Branding the Organization: The Role of Rewards Strategy , Journal of Total Rewards article; For Everyone Now More Than Ever, TR Leaders Need to Think Like a CFO , Workspan Daily article;Use Visuals to Tell Your Compensation Story , Workspan Daily article;Develop a Salary Budget Recommendation You Can Sell to the C-Suite , Workspan Daily article;Business Acumen for Compensation Professionals , course;Total Rewards ’26 , conference; WorldatWork’s 2025 Total Rewards Leader Priorities study found total rewards (TR) professionals are strongly focused on modernization strategies around: ;Integrated benefits and compensation; ;Personalized and flexible options; ;Innovative offerings (e.g., career development opportunities); ;Cost control (e.g., healthcare expense management); ;Global and regional alignment; ;Governance consolidation; ;Much, much more; In pursuing such critically important strategies, many TR pros feel at ease with the ideation

For 2021, AIME below $996 is multiplied by 90%, between $996 and $6,002 by 32%, and the remainder (up to the maximum wage base) by 15%.

Premium-driven salary increases for digital talent averaged 15%+ in FY22 and 12%+ in FY24.

The Net Promoter Score (NPS) for rewards at the time was an abysmal negative-15, and rewards offerings were actually hurting organizations’ employment brand.

Key Takeaways ;Virginia Raises State Minimum Wage to $15 Per Hour; ;Rising Costs, Financial Uncertainty Impacting Retirement Plans; ;IBM to Pay $17 Million in DEI Settlement; ;BNY Homeowner Program Aims to Assist U.S.

A big part of the DEI movement has manifested in an impressive list of inclusive benefits, including: • Parental leave — up to eight weeks off for either parent follow the birth/adoption of child with birth mothers eligible for six to eight weeks of short-term disability; • Infertility coverage; • Dependent care flexible spending account (FSA) with the company matching up to 50% of the IRS limit; • Bereavement leave extended to 15 days for immediate family; • Vacation purchase program, which allows workers to purchase additional time off; • Adoption assistance, with up to $4,000 for eligible adoption-related expenses; • Health and welfare program coverage for eligible domestic partners and children; and • Gender confirmation procedure coverage, with medical coverage for treatments and medications associated with gender reassignment.