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The Journal of Total Rewards Second Quarter 2024 | Volume 33 | No. 2 Studies of a variety of topic rewards topics, from AI and pay transparency to career advancement to analyzing a pay gap.

Faulty assumption 2: Pay transparency increases pay understanding.

The big rise in the minimum wage comes as the Bank of England warns that the current pace of wage growth in the broader economy, which reached around 8% earlier this year, would make it hard to return inflation to its 2% target, Reuters noted.

[Conversely, 53% were at Level 1 and 27% were at Level 2.]

Another Mercer study — Inside Employees’ Minds (IEM) — revealed just 1 in 2 U.S. women (53%) felt their career goals could be met by their current employer, lower than prior years.

According to Cascade’s report, less than 2% of questions posed to Cascade’s AI tools were about those solutions, which provides another opportunity for employers to use AI to increase engagement, Constantin said.

Notably, 66% of employers said the growing use of GLP-1 medications are impacting their approach to well-being programs such as fitness challenges and weight management, although only 2% plan to reduce or eliminate programs as a result.; ;Financial health , with educational opportunities and tools to support financial decisions offered by 92% of employers.; ;Lifestyle savings accounts and well-being incentives , averaging $600 per employee across surveyed organizations.

During that same period, though, fully on-site work and fully remote work each increased by 2%, according to the same research.

.; Scenario 2: Planning for a Hiring Increase An uptick in hiring may arise from business expansion, new product launches or favorable market conditions.