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It’s critical to determine appropriate levels of compensation for an employee as well as the ideal compensation vehicle, given an organization’s specific industry and circumstances.

After a period of robust growth, the auto industry as a whole has signaled a contraction with recent moves, as rising interest rates are suppressing purchasing power.

What Access Includes: Dashboard Tool Explore and customize data by industry, organization size, and more through a dynamic online dashboard;Executive Summary A concise, leadership-ready overview of the most important trends and takeaways in incentive pay practices;Appendix of Detailed Results Spreadsheet-ready tables for deeper analysis and easier integration into internal planning; Explore the 2023 Incentive Pay Practices Survey Findings Among the tools for attracting and retaining talent are incentive plans.

The only industries to shed jobs were mining, construction and auto manufacturing.

The attraction of options was due to the technology industry’s influence (plus the strength of the “dot.com” stock market) and the lack of accounting expenses on option grants.

Research published in July from LIMRA, a trade association supporting the insurance and related financial services industry, revealed that 12% of surveyed workers said they had opted (or would) out of a benefit they were previously enrolled in sometime during the prior two years.

His leadership has earned organizations prestigious accolades, including America’s Best Employers (Forbes) and industry-first workplace excellence recognitions.

“The industries that have taken the longest to recover, I think it’s their turn now.”

Indiana House Bill 1001 , introduced Jan. 21, 2025; referred to Senate Appropriations Committee Bill’s list of “service-providing industry occupations” includes restaurant servers, bartenders, casino dealers, valet and hotel employees, hair stylists, etc.

The survey captures information on six industries: financial services, consulting, IT, health care/pharma, manufacturing and retail.