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Over the past 12 months, average hourly earnings have increased by 3.8%.

The y-axis is your organization’s total target compensation (or on-target earnings) market pay philosophy, and the x-axis is how much you desire to differentiate your top and bottom performers.

As more people find themselves in the role of caregivers [for children, parents, grandparents and/or others], it’s no wonder paid time off is becoming one of the most desired benefits among men and women in all four generations [Baby Boomers, Generation X, millennials and Generation Z].”

For WorldatWork Members ;Employment Extenders: Why More Americans Are Delaying Retirement , Workspan Daily Plus+ article; ;‘Flextirement’ May Help Gen X Flex Their Retirement Muscles , Workspan Daily Plus+ article; ;Using Metrics to Drive Employee Retirement Readiness , Workspan Daily Plus+ article; ;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article; ;Retaining Older Employees?

Consider, she said, incorporating the following tools into your process: ;Case studies; ;360-degree feedback; ;A talent grid (x-axis: low to high performance; y-axis: low to high potential); ;Communication/behavioral assessments; ;Formal performance/value-tracking formats; Communication also is an important step —whether formally or informally, create the conversations, and establish the cadence and content of those points of connection, observation and contact, Schielke said.

The average pay increase for job switchers in 2021 was about 8% overall and over 12% in some sectors.

The tax credit ranges from 12.5% to 25% of wages paid to qualifying employees for up to 12 weeks of paid leave per tax year.

Only 6% of the contributed money went to the bottom 20% of earners.

So, if we can save 5% of those people, it comes down to x amount of dollars [in annual cost savings/avoidance].”

New York City and Westchester County’s pay transparency laws will take effect Nov. 1 and 6, respectively.