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A typical minimum wage increase may be 2% and 3%, she said, while a typical employer salary budget may be between 3% and 4%.

For WorldatWork Members 4 Reasons Performance Ratings Aren’t Vital to the Compensation Cycle , Workspan Magazine article;Compensation Structure Policies and Practices , research;Salary Benchmarking , tool; For Everyone Navigating the Architecture and Benchmarking Challenges of Hybrid Jobs , Workspan Daily article;Architect the Comp Team by Considering Size, Structure, Roles , Workspan Daily article;Traditional Job Architecture Career Streams Collide with Modern Work , Workspan Daily article; If you are a compensation professional, the annual cycle is your moment in the spotlight.

.; On the base salary side, U.S. organizations that participated in WorldatWork’s 2024-2025 Salary Budget Survey projected a 4% median increase for 2025 — the same increase they implemented in 2024.

And, the 2025 Edelman Trust Barometer found 1 in 4 workers canvassed by the communications strategy firm don’t trust their employer to make ethical choices.

Access bonus Workspan Daily Plus+ articles on this subject: ;Voluntary Benefits’ Value Is Based on Integration into TR Package;ERISA Safe Harbor: The 4 Rules for Voluntary Benefits; Exploring these options is more relevant than ever: A 2024 study by risk management and consulting firm Gallagher found 63% of workers would leave their job for better benefits.

According to the lab, at least 4 million workers are illegally paid below the minimum wage each year, costing each victim an average of $3,000 annually and totaling more than $13 billion nationwide.

For WorldatWork Members How to Reduce Rater Bias in Performance Evaluations , Workspan Daily Plus+ article;4 Reasons Performance Ratings Aren’t Vital to the Compensation Cycle , Workspan Magazine article;Behavioral Performance Assessment: Turning the Painful into the Productive , Journal of Total Rewards article;Performance Management and Rewards , research;Performance Review Builder , tool; For Everyone How to Change the Performance of Your Performance Review Systems , Workspan Daily article;Most Workers Would Do a 180 on 360-Degree Feedback , Workspan Daily article;Improve Performance Management with Frequent Communication and Transparency , Workspan Daily article;How to Mitigate Bias in the Performance Review Process , Workspan Daily article;Performance Management is Killing Performance: Here’s the Fix , on-demand webinar; Effective performance management — true to its name — requires intentional, well-executed management .

The new policy went into effect Jan. 4, 2023, and will retroactively apply to service members who were on maternity convalescent leave or caregiver leave as of Dec. 27, 2022.

Employees are responding positively to these kinds of flexible arrangements: Nearly 40% of 1,002 hiring managers whose companies offer semi-retirement say that the number of employees choosing this option has increased in the past two years, and just 4% saw a decline, according to a survey by The Harris Poll for Express Employment Professionals.

.”; For two rules that have generated a lot of publicity and legal challenges in recent months: ;The Federal Trade Commission’s noncompete final rule was published in the Federal Register on May 7, 2024 (with an effective date of Sept. 4, 2024).; ;The Department of Labor’s final rule updating the salary threshold for overtime exemptions was published in the Federal Register on April 26, 2024 (with an effective date of July 1, 2024).; 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: ;Equitable and Diverse Workplaces; ;Total Rewards; ;Finance and Budgeting; ;Organizational Performance;