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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.

CURRENT LANDSCAPE OF AI IN TOTAL REWARDS AI in HR encompasses a wide spectrum of tools, each at different stages of maturity.

For WorldatWork Members ;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+ article; ;Skills-Based Mentoring: An Efficient Way to Build Skills , Workspan Daily Plus+ article; ;Measuring Up Mentorship Programs , Workspan Magazine article; ;Career Well-Being: Investing in Employees Key to Doing Business Today , Journal of Total Rewards article; For Everyone ;Invest in Career Development to Retain Young Talent , Workspan Daily article; ;Career Well-Being Drives Engagement and Retention , Workspan Daily article; Two-thirds (66%) of managers and executives say that most recent hires are not fully prepared for their new jobs, and a lack of experience is their most common failing, according to Deloitte’s 2025 Global Human Capital Trends report .

Market Pricing: Data, Directions & Decisions This report highlights key findings from WorldatWork’s 2024 survey on market pricing practices among Total Rewards and HR professionals.

Total rewards professionals that don’t effectively partner within their organization likely are limiting the success of their budget efforts.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Employee Recognition; ;Total Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Workspan Daily (WD) recently connected with Coen de Waal, the chief executive officer of CareerToolbelt, a job-search solutions platform, to discuss how the total rewards (TR) community can consider and make best use of compensation benchmarking.

For WorldatWork Members ;The Power of Job Rotation, Shadowing and Stretch Goals , Workspan Daily Plus+ article; ;Support Your Employees’ Career Growth with Development, Transparency , Workspan Daily Plus+ article; ;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+ article; ;Internal Mobility Keeps Employees from Moving On , Workspan Magazine article; Fundamentally, total rewards (TR) strategies are about attracting and retaining employees through security (via benefits and compensation), support (via organizational culture) and development (via opportunities for growth).

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Employee Compensation; ;Employee Recognition; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Experience; ;Employee Recognition; ;Organizational Performance; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.