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.; ;Organizations lose 2% to 4% of their labor spend on “payroll leakage” from system limitations, processing errors and/or fraud.; ;Almost 40% of companies reported between $1 million and $5 million in annual payroll losses; for a large company, even 1% of payroll leakage can cost $15 million in losses.; “This isn’t just a financial issue; it’s a people issue,” said Teresa Smith, the director of UKG’s human insights and human capital management (HCM) strategic advisory group.

About one in three (31%) have pay equity on their radar but haven’t taken any action yet, while just 4%, down from 7 percentage points, do not have pay equity on their radar.

The Journal of Total Rewards Fourth Quarter 2021 | Volume 30 | No. 4 From tamping down bullying to strengthening financial wellness, this issue looks at employee well-being from a variety of angles.

The Journal of Total Rewards Fourth Quarter 2023 | Volume 32 | No. 4 This issue of the Journal of Total Rewards focuses on teaching and communicating Total Rewards to employees.

For WorldatWork Members How TR Pros Can Help Workers Financially Prepare for Retirement , Workspan Daily Plus+ article;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article;FAQs to Help You Navigate Employee Retirement Discussions , Workspan Daily Plus+ article;The Social Security Program and Its Funding Problems , Journal of Total Rewards article;Retirement Booster , Workspan Magazine article; For Everyone The Math That Changes Everything: Modeling Retirement Income , Workspan Daily article;4 Steps to Help Pre-Retirees Consider, Plan for Retirement Income , Workspan Daily article;The Critical Role of Retirement Income Projections in DC Plans , Workspan Daily article;Retirement Plans: Design Considerations and Administration , course; The U.S.

Payroll and benefits firm Dayforce found workers cut their retirement savings contribution rate in 2025 to 8.9%, down from 9.2% a year earlier, and 1 in 4 workers reduced their annual savings in their 401(k) or other types of employer-sponsored accounts.

Unless such a shift occurs, avoid tinkering with the program’s overall structure.   4.

Employee financial security 4.

The survey revealed 70% of organizations were taking action on pay equity in 2022, a 10% increase since 2019 and a 4% increase over 2021.

In fact, more than half reported falling short on 4 of the 6 objectives.