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New York City passed a similar bill in December 2021 requiring employers to state the minimum and maximum salary in all posting for an open posting, promotion or transfer opportunity.

This competition is exacerbated by many companies opening new locations, storefronts and offices as the world returns to in-person business post-pandemic.

New strategic options. 

“These are very new developments in the marketplace, but we are seeing interest in these channels,” said Cody Midlam, director in WTW’s Pharmacy Community.

Greg Perkins, owner and president of New Braunfels, Texas-based Oakridge Bellows, a manufacturer of expansion joints for pipes, began giving his workers $50 gas cards when prices hit $4 a gallon.

The gig economy has been heralded as a new way to get work done optimally.

In fact, the new consensus about RTO policies seems to be that there is no consensus.

That may be welcome news for employees, as 46% of surveyed workers in the 2023 well-being mindset study said their finances control their life.

For WorldatWork Members : ;Employee Engagement: Drivers, Measures and Outcomes , Journal of Total Rewards article;The Role of Employee Ownership in Total Rewards Strategy , Journal of Total Rewards article;Measuring Up Mentorship Programs , Workspan Magazine article;Internal Mobility Keeps Employees from Moving On , Workspan Magazine article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Inventory Checklist , tool ; With younger workers poised to be the largest segment of the workforce — and with millennials and Gen Z employees exhibiting less corporate loyalty — employers are scrambling to find new solutions to keep young workers engaged and reduce turnover.

The new year might have brought with it a glimmer of hope, but leaders still can’t afford to take a passive strategy regarding their people.