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; Check out Workspan Daily’s pre-conference coverage of Total Rewards ’26: ;To Enhance Employee Experience, Lean into Integrity, ‘Radical Honesty’; ;Conference Session Takes Community Approach to Solving HR Problems; ;BIG Ideas: Learn How to Get the Most Out of a Small HR Budget and Team; ;Recognize that Employee Recognition Needs Some Attention; ;Hard Choices, Soft Solutions: A Considerate Approach to Compensation; ;Making the Leap to a Pay-for-Performance Approach that Works; ;Are You Speaking Gen Z’s Language When It Comes to Total Rewards?

Raising Cane’s also announced it is paying workers on a weekly basis instead of biweekly and raising its minimum wage for hourly managers to $18 an hour from $15.

In the last seven years, Bank of America raised its minimum hourly wage from $15 to $24 in 2024.

Of the organizations that do budget for promotional increases, the survey found that 40% have separate promotional increase budgets, while 34% include them as part of their “other” increase budget, 22% have them as part of their merit increase budget and 4% allot them as part of their general increase/COLA budget.

For WorldatWork Members ;Don’t Drown in the Data: Diving into Your First Salary Survey , Workspan Daily Plus+ article; ;How to Reward Top Performers When Pay Raises Aren’t Possible , Workspan Daily Plus+ article; ;Salary Budget Planning Guide , tool; ;Using Market Data to Formulate a Recommendation Report , tool; ;Top Salary Budget Surveys , tool; ;Merit Matrix: Budget Distribution Projection , tool; ;2025-2026 Salary Budget Survey , research; For Everyone ;Compensation Report Points to Gaps in Perceived Fairness, Training , Workspan Daily article; ;Constrained Budgets, AI Among Top Influencers Shaping Comp , Workspan Daily article; ;Report Results Smack of ‘Peanut Butter’ Pay Raise Approach for 2026 , Workspan Daily article; Annual salary increases in 2026 paid out slightly below earlier projections, according to the latest Mercer QuickPulse U.S.

Projection at 3.8% , Workspan Daily;Survey Data, Partnerships Enable Effective Salary Budget Plans , Workspan Daily article;Mercer Projects 3.6% Total Salary Increase Budgets in 2025 , Workspan Daily article;Conference Board Projects 3.9% Salary Increase Budgets for 2025 , Workspan Daily article;Payscale: U.S.

Use a combination of structured and unstructured formats and work within your budget and online capabilities.

tool; For Everyone Compensation Report Points to Gaps in Perceived Fairness, Training , Workspan Daily article;Constrained Budgets, AI Among Top Influencers Shaping Comp , Workspan Daily article;Why a Fresh Compensation Philosophy Is Needed ...

Employers today spend an average of $37 per hour worked, or roughly $77,000 on compensation per employee per year, making personnel one of the largest line items on company budgets. 1 Beyond base pay, organizations also invest heavily in other rewards offerings.

For instance, a company owner would not cut important innovation, marketing or employee training expenditures to meet a short-term profit budget in a down year.