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Additionally, the prevalence of geographic pay adjustments increased by nearly 70% (specifically, up 20 percentage points from 29% to 49%) in 2023 from 2022.

Total rewards can represent up to 70% of an organization’s budget — and as the stewards of that investment, it makes perfect sense that HR and TR leaders would need a finance mindset, said Marta Turba, the vice president of content strategy at WorldatWork.

More than 70% of the global workforce has some sort of a caregiving role, according to data compiled by Mercer ; the rates for so-called “ sandwich generation ” demographic groups — millennials (78%) and Generation X (74%) who must care for children and their aging parents — lead the way.

Nearly half of survey respondents (48%), consisting of business leaders and decision makers, said they would only consider staff reductions as a last resort, and 70% would never, or only as a last resort, reduce or eliminate the employee benefits they offer.

For Gen Z workers and millennials, that number rose to 80% and 70%, respectively, though Smith cautioned they are more likely than their older counterparts to believe that “strong performance in assigned responsibilities should be enough to earn a promotion .”

Turning to Social Media for Benefits Information The Aflac report showed that while almost three-quarters of employers feel their employees have a solid understanding of their total healthcare costs, only 54% of employees agree — and almost 70% of those workers wish their organizations would share more information about their benefits packages.

.;70: The percentage of higher-educations institutions that reported they employ at least one professional residing out of state (up from 63% in 2021-2022), suggesting they may be increasingly open to employing professionals living in another state.

A perfect match doesn’t exist, but if 70% to 80% of the job duties match, it’s considered a valid match.

Career Impact 96% Made me more effective at work 93% Improved my strategic thinking 94% Made me more confident Organization Impact 84% Improved Employee Satisfaction * 74% Improved Employee Retention * 70% Improved Organization Growth* Source – 2023 WorldatWork Customer Impact Study (n= 874).

In fact, according to WorldatWork’s 2022 “ Pay Equity Study ,” nearly 70% of organizations reported taking action on pay equity in 2022, a 10% increase from 2019.