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Regardless of whether they offer a formal program, some employers have work-related programs to help pre-retirees transition including flexible work schedules and arrangements (44%), the ability to reduce hours and shift from full-time to part-time (36%), and the ability to take on less stressful or demanding jobs (34%).

And shortly before the release of the executive order, the Securities and Exchange Commission (SEC) indicated it would no longer cap private-fund investments at 15% in retail closed-end funds, indicating the types of policy and oversight shifts that may continue to emerge.

Most pertinent for HR and total rewards (TR) professionals in the 36-page Revenue Procedure document are adjustments to: ;Cafeteria plans — flexible spending accounts (FSAs); ;Qualified transportation fringe benefits; ;Medical savings accounts (MSAs); ;Smaller employers’ employee health insurance expenses; ;Qualified small employer health reimbursement arrangements (QSEHRAs); Flexible Spending Accounts The IRS placed the limit on voluntary employee salary reductions for contributions to health-related FSAs at $3,400 for 2026, compared to $3,300 for 2025 and $3,200 for 2024.

“We had almost 1,000 respondents and the information is broken down by organization size, type and industry.

According to WorldatWork’s 2023 “ Compensation Structure Policies & Practices ” study, produced with support from Deloitte Consulting LLP, more than a third (36%) of survey respondents reported modifying their compensation structures due to significant changes in market rates.

See the infographic See the infographic 57% very familiar with living wage 36% currently paying living wages 29% cite budgets as challenge in implementing living wage 73% cite "attracting talent" as a key motivation for providing a living wage Thank You for Being a Member Get the most from your membership today!

In fact, fewer organizations overall (36%) reported difficulty in attracting and retaining employees, down 9 percentage points from last year’s report and 17 percentage points from the prior year.

The total of 36 hours per week makes them full-time employees, entitled to an array of benefits, most notably health insurance — medical, vision and dental, according to LancasterOnline .

Talent Practice % of Orgs That Don’t Explicitly Use Skills % of Orgs that Manually Enter Skills % of Orgs that Have Skills Automatically Suggested Career pathing 23% 30% 28% Hiring — external 21% 36% 23% Hiring — internal 19% 32% 26% Learning and development 13% 38% 28% Mentoring 21% 34% 9% Opportunity/talent marketplace 26% 17% 32% Performance management 28% 38% 26% Rewards and recognition 40% 32% 26% Strategic workplace planning 30% 28% 32% Why Skills Are Crucial for Growth According to Sara Hillenmeyer, the senior director of data science at Payscale, a compensation software and data company, an employee’s skills journey is important for their career development and trajectory.

For those making changes to their initial budget projections, four primary factors emerged: ;Concerns related to cost management (36%);; ;An anticipated recession or weak financial results (36%);; ;A tight labor market (32%); and,; ;Inflationary pressures (25%).; According to WTW research experts, recent budget consistency reflects underlying changes in how leaders approach workforce planning and compensation decision-making, with many organizations that participated in the survey reporting: ;Stronger governance around compensation decisions;; ;More sophisticated use of market data and segmentation in their preparation and decision-making practices related to pay; and,; ;Increased focus on affordability and maintaining internal equity.; Keeping an Eye on Hiring and Retention While the new report reflected a measure of addressable predictability, it also pointed out a concern area: 24% of participating organizations said they are having trouble attracting and/or retaining employees