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Here are some of the numbers: Willis Towers Watson’s (WTW) “ Reimagining Work and Rewards Survey ” 83% of the 1,650 global respondents expect to have problems attracting workers this year.

The Benefits of Offering an ESA Emergency savings programs have been a growing benefit trend since before the pandemic, with recent economic challenges accelerating the need, said Shannon Hanko, director of financial resilience at WTW.

Meanwhile, employers are planning an overall average salary increase of 4.0% for 2024, according to the latest Salary Budget Planning Survey by WTW.

Despite statistics very similar to previous years in terms of average support, Willis Towers Watson (WTW) is observing an uptick in SoP failures, leading to a record year in that area: Source: WTW Global Executive Compensation Analysis Team analysis COVID-19 Pay Adjustments Drawing Heavy Scrutiny As a refresher, in early 2020, we saw proxy advisors put a spotlight on areas that could be negatively received, with a core notion that making executives whole at the expense of broader stakeholders would be problematic.

The broader definition of “restatement” leads WTW to expect an increase in overall enforcement of clawbacks, which illuminates the importance for boards to ensure proper documentation/minutes going forward.

In a Willis Towers Watson (WTW) poll of 388 organizations, 17% of respondents are already disclosing pay range information in locations across the United States where state or local laws don’t oblige them to do so.

In WTW’s “2023 Best Practices in Healthcare Survey,” when asked why they offer or are considering offering LSAs, 68% of employers said it was to “personalize benefits and perquisites,” while 59% said to “differentiate benefits” to attract and retain employee.

. ; ; When a toxic work environment is not addressed, it can significantly degrade the overall employee experience , and by extension , even introduce risk to the organization’s ability to offer a positive customer experience, said Jill Havely, the head of g lobal c ommunity e xcellence and e mployee e xperience at WTW .

WTW's 2024 Pay Effectiveness and Design Survey , a client survey shared with Workspan Magazine , found that many of the employer respondents did not feel they were delivering on the core objectives of their pay programs.

According to a study by WTW , only one in three employees feel their evaluations are correct, and a survey by Gartner found that only 32% of employees believe their compensation is fair.