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Having a CAIO on the payroll is uncharted territory for most HR and total rewards professionals, who must learn how to create compensation and total rewards packages for a job that didn’t exist a few years ago.

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These thought-provoking sessions help HR and Total Rewards professionals stay on top of emerging trends and innovations.

The industry projections for mean total increase budgets follow a similar pattern except for banking/financial services, which is projecting a merit increase budget lower than the national average, at 3.1%, but a higher-than-average total increase budget, at 3.7%

This strategy requires the expertise of professionals trained in Total Rewards policy, planning and implementation.

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Mercer’s “ QuickPulse US Compensation Planning Survey ” indicates employers are planning to raise their compensation budgets by 3.5% for merit increaeses in 2024 and 3.9% for their total salary increase budgets for non-unionized employees.

U.S. employers forecast raising their total salary budgets between 3.8% and 4.1% for 2024.

The course is led by Malika Terry, and is based on years or research, best practice sharing and her own experience as a Total Rewards professional.

The Journal of Total Rewards First Quarter 2023 | Volume 32 | No. 1 In this issue: retiree knowledge transfer, Ohio workers’ comp pilot, more ESG metrics in executive comp, long-term care and CalPERS, employee trust for benefits Cover Story Journal of Total Rewards Article Tapping into Retirees to Bolster Knowledge Transfer The knowledge transfer between retirees and their remaining employees offers a unique opportunity to retain knowledge.