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Further, while the use of ESG metrics in long-term incentive plans is quite low, it has doubled in prevalence from 3% in 2020 to 6% in 2021.

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WorldatWork’s Total Rewards Conference Exhibition (Oct. 4 – 6) in Phoenix is the first event I’ll be attending since the pandemic started.

The writers have been asking for a 6% raise in the first year of the three-year contract.

WorldatWork’s “Pay Equity Study” revealed 66% of organizations took action on pay equity in 2021, up 6 percentage points from 2020.

“The higher skilled nature of freelancing is clear,” according to Upwork, which finds 51% of post-graduate workers doing freelancing, a 6% increase since 2020.

Aged Salary = Survey Salary x (1 + (Market Movement Percentage x Number of Months / 12)) Example: If the original survey salary is $70,000 and the annual market movement is 3% (0.03) over a period of 6 months, the calculation would be: Aged Salary = $70,000 x (1 + (0.03 x 6 / 12)) Aged Salary = $70,000 x (1 + 0.015) Aged Salary = $70,000 x 1.015 = $71,050 This means the salary is aged to $71,050 to reflect the market changes over the 6-month period.

“Grandfathered” public (governmental) sector 401(k) plans established before May 6, 1986, are beyond the scope of this article.

Feb. 6.

Mental Health: Top of Mind for Leaders (The Journal of Total Rewards, Fourth Quarter, 2021);Hybrid Work and Mental Well-Being: Challenges and Opportunities in 2022 (Workspan Daily, Dec. 6, 2021);Rewards Management Survey: Employee Financial Well-Being (The Journal of Total Rewards, Fourth Quarter, 2021);Workplace Well-Being Deserves a Fresh Look (The Journal of Total Rewards, Fourth Quarter, 2021);It’s OK to Ask for Help (Workspan, First Quarter, 2021); 2.