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The North American pet insurance industry attained a record-setting $4.27 billion in total sold premiums in 2023.

Revamp Your Messaging;Rate Your Current State with This PTO Usage Audit Checklist; The BambooHR report found PTO patterns also varied by industry: ;The highest PTO request rates came from workers in the finance and nonprofit sectors .; ;Employees in the travel and hospitality industries and the restaurant, food and beverage industries were least likely to ask for PTO.; ;The industries most likely to approve time-off requests were construction and restaurant , food and beverage, and tech.; ;The healthcare sector saw the lowest PTO approval rates.; Why Are Workers Taking Less Time Off?

Human Resource Management Journal 27(1): 1-21.

For organizations seeking to establish competitive compensation strategies, that means taking some time to understand what others in your industry are offering.

It also fills in the gaps from other recent government guidance and mandates, including the H.R. 1 law (also known as the One Big Beautiful Bill Act) and releases from the IRS ( in May ) and the Department of Health and Human Services ( in June ).

Industries Have Mixed Results Looking at employment by industry, the November data showed: ;Healthcare added 46,000 jobs, in line with the average monthly gain of 39,000 over the prior 12 months.

.; ;Non-promotion opportunities for high performers to embody leadership may include mentoring relationships , participation in employee councils , or roles on nonprofit boards or industry associations .; ;Provide access to elite-level training programs, software or tools to help workers grow not just within the company but in the industry.; ;Nominate high performers for corporate, local or industry association awards that recognize leaders in the profession.; ;Edit or shift undesirable aspects of the employees’ jobs through “ task crafting ” to remove barriers and make their day-to-day smoother.; There’s room here for creativity on the part of HR and total rewards professionals, said Anthony Klotz, a professor of organizational behavior at University College London School of Management and the author of the book Jolted: Why We Quit, When to Stay, and Why It Matters .

Going forward, however, two important factors could spur even greater use of retention perks: 1.

Looking at employer size, companies with: ;500 or more employees gained 74,000 jobs; ;250 to 499 employees gained 3,000; ;50 to 249 employees lost 25,000; ;20 to 49 employees gained 5,000; ;1 to 19 employees lost 15,000; 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: ;Finance and Budgeting; ;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.

The report assigns companies to one of five size categories based on revenue: micro ($50 million to $500 million in revenue), small ($500 million to $1 billion in revenue), medium ($1 billion to $2.5 billion in revenue), large ($2.5 billion to $10 billion in revenue) and top 200 (200 largest companies in the S&P 500, based on revenue).