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Broken out by employee type, organizations are projecting an average increase of: 4.1% for nonexempt hourly employees and nonexempt salaried employees.;4.1% for exempt salaried employees.;4% for officers and executives in 2024.; Promotional Increases WorldatWork’s survey reported that 55% of organizations budget for promotional pay increases while 45% do not.

“These types of programs have very low probability of success without the solid championship and visibility of an executive sponsor as, often, [functional leaders] are reluctant to let go of their talent for the purpose of a job rotation,” she said.

Beyond salary adjustments , consider these options offered by experts interviewed for this article: ;Access to programs, workshops, resources or experts to help workers with budgeting, debt management and retirement planning; ;Caregiver stipends; ;Workplace commute reimbursements; ;Student loan repayment assistance or matches; ;Lower health plan premiums; ;Spot bonuses; Before implementing new programs, ask workers directly and anonymously how they’re feeling about their finances, where their gaps in understanding or access are, and what types of resources would be helpful, said Jasmine Escalera, a career expert at career resource platform Zety.

;Understand the importance of nondiscrimination testing, the types of tests used and how the tests relate to defined contribution plans.

While the BJ’s Wholesale Club study and others had researched a certain type of wellness program, our research team saw a potentially more effective way of approaching wellness programs.

It may be worth giving guidance or training so that employees and their line managers can effectively set goals jointly.; TYPES OF WORK TASKS A major point of discussion and research on incentives and recognition is how their impacts change with different types of work tasks.

Ensuring Data Privacy and Diversity Paretti says firms preparing to deploy algorithmic hiring tools should familiarize themselves with data privacy laws, which will impact the types of data that may be collected and may require notice and consent or other legal obligations.

.; ;Confirm the job type — individual contributor or collaborative work team.; ;Use individual measures to reinforce a culture of seller accountability and minimize the ability to “free ride.”

The decision tree should be based on key job attributes such as sales process, product type and customer type.

So, what's the best way to pay these types of employees?