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IRIC identified several other retirement industry trends to watch for in 2025: ;Retirement income solutions at the forefront.

Progress is also seen within industries, as some sectors are visibly stepping up their commitment to pay equity.

Vanessa Lewerentz’s HR career began in the entertainment industry.

As indicated in Table 1, by 2021, they were $31 per participant per year.

Jobs Growth Weakened in July; Prior Months Revised Downward Jobs growth in the United States was weaker than anticipated in July, and the previous two months were not as strong as originally categorized, according to data released Friday, Aug. 1 , by the U.S.

The Growing Demand for Retirement Income Solutions Recent industry surveys highlight a strong demand for structured retirement income solutions.

Conducted by NFP, an Aon company and benefits consulting firm, the data was collected from 260 executive benefits decision-makers across various industries and organizational levels.

.; ;Communications industries — the highest-performing S&P 500 sector in 2024 — had the biggest leap by far, paying out 22% higher bonuses year-over-year.; ;Increases in other industries (10% in real estate, 9% in entertainment and recreation, and 8% in retail) also reflect a strong 2024 for those sectors and business owners’ optimism.; ;Bonus amounts in some service industries were down, including personal services (down 10%) and tourism and accommodations (down 7%), potentially signaling a cooling of wage growth for service workers after several years of post-pandemic wage increases.; ;The transportation and warehousing industries also saw a 10% decrease in bonus amounts, following a downturn in freight rates, demand and revenues.; “Instead of spreading bonuses more evenly, companies may be concentrating them among fewer employees to control overall compensation costs, especially in uncertain economic conditions,” said Nich Tremper, a senior economist at Gusto.

For 2023, expected tech industry total salary increase budgets remain higher than the general industry, and 27% of survey respondents expect a total base pay increase budget over 6%. 2023 Bonuses Notwithstanding tech sector headwinds, six of 10 companies expect funding for bonus payouts made in 2023 (for 2022 performance) to be at 100% of target or better.

Student loan payments resume Oct. 1, which is likely to increase stress among millions of U.S. employees carrying sizable debt.