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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.

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 Experience; ;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.

Domain % of Items on Exam Business Acumen and Strategy 10% Total Rewards Strategy and Alignment 10% Leading the Total Rewards Function 20% Leading the Total Rewards Team 15% Total Rewards Technical Expertise 20% Analytics & Evidence Based Decisions 10% Influence & Effectiveness 15% Total 100% Body of Knowledge (BOK) This blueprint will show you how the exam is weighted, giving you a percentage of questions from the exam related to the seven specific domains from the CSRP Body of Knowledge.

Calgary Total Rewards Network (CTRN), Rocky Mountain Total Rewards Association (RMTRA), Twin Cities Compensation Network (TCCN), Columbus Compensation Association (CCA), Intermountain Compensation and Benefits Association (ICBA), New England Compensation Consortium (NECC), Washington Area Total Rewards Association (WATRA), Orange County Compensation and Benefits Association (OCCBA), and Hawaii Compensation Group (HICOMP) received the Diamond award.

For WorldatWork Members Why Executive Compensation Is Following the Crowd and Why That Matters , Workspan Magazine article;Mental Health in the New Workplace , Journal of Total Rewards article;Proxy Tables Checklist , tool;Compensation Structure Policies and Practices , research; With data showing more CEOs than ever are leaving their roles , how can you endeavor to keep your chief executive in place — or facilitate a smooth transition if a CEO exit does occur?

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

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.

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.

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; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.