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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.

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.

Faulty assumption 2: Pay transparency increases pay understanding.

Here, while 53% always or sometimes publish salary ranges, only 29% include information on specific salaries in job advertisements (see Tables 1 and 2).