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For WorldatWork Members Pivot on Pay: Getting Creative to Attract and Incentivize Talent , Workspan Magazine article;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article;Don’t Underestimate the Power of Non-Financial Rewards , Workspan Daily Plus+ article;How Total Rewards and Career Development Go Hand in Hand , Workspan Daily Plus+ article; Job-hopping is becoming the norm for many young employees today — a shift that spells changes for workplaces and total rewards (TR) strategies.

Evaluate Total Target Compensation Ranges The next step for an organization is to think about the salary and total target compensation ranges themselves. 

“All Acts” Overall Back Wage Recovery Data Enforcement Year Compliance Actions Total Back Wages Recovered Total Employee Recipient Pool FY2024 17,300 $202,676,115 151,989 FY2023 20,215 $212,325,391 163,768 FY2022 20,422 $213,161,638 152,970 FY2021 24,746 $234,362,486 193,796 FY2020 26,096 $257,829,604 229,934 Fair Labor Standards Act (FLSA) Overall Back Wage Recovery Data Enforcement Year Total Back Wages Recovered Total Employee Recipient Pool FY2024 $149,957,029 125,301 FY2023 $156,152,548 135,067 FY2022 $156,052,923 126,934 FY2021 $166,762,890 158,735 FY2020 $183,582,973 194,006 Back Wages for Overtime (OT) Violations Enforcement Year OT Back Wages Recovered Total Worker Recipient Pool FY2024 $126,967,097 101,043 FY2023 $130,686,461 106,759 FY2022 $134,591,521 103,128 FY2021 $138,674,500 132,151 FY2020 $151,347,794 150,685 Back Wages for Minimum Wage (MW) Violations

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;Total Compensation Statement Builder , tool; For Everyone Do HSAs and FSAs Actually Save Employees Money?

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

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

For WorldatWork Members ;Leveraging Total Rewards to Defeat the Four Horsemen of RTO , Journal of Total Rewards article; ;Compensation Structure Policies and Practices , research; ;Engage Community , peer engagement and connection platform; As federal employee terminations continue in the United States, the labor market will be laden with talented individuals seeking work in the private sector.

Comprehensive total rewards communications and digital and personalized channels to proactively connect and engage employees play a pivotal role in shaping the total rewards experience when it comes to total rewards.

Looking ahead to 2022, all countries polled figure to raise their total salary increase budgets, with India, Russia and China projecting the largest budgets, at 9.2%, 6.1% and 6%, respectively.

Do you have a total rewards strategy and solution to share?