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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.

AI has been cited for 48,414 job cuts this year.; ;Market and economic conditions as responsible for another 21,104 cuts, bringing the year-to-date total for this reason to 229,331.; ;Closings of stores, units and plants as triggering 16,739 cuts for the month and 161,391 for the year.; ;Restructuring as the factor in 7,588 cuts, for a total of 108,038 so far in 2025.; “October’s pace of job cutting was much higher than average for the month.

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?

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.

Journal of Total Rewards readers will benefit from Beyer’s academic work.

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 Experience; ;Employee Recognition; ;Organizational Performance; #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 ;Navigating Living Wages in Total Rewards , Workspan Magazine article; ;Labor vs.

Cover Story Workspan Magazine How Will Recent Union Wins Affect Overall Total Rewards?

Next Steps So, how should total rewards professionals proceed, given all the changes?

Workspan Daily (WD) recently connected with Coen de Waal, the chief executive officer of CareerToolbelt, a job-search solutions platform, to discuss how the total rewards (TR) community can consider and make best use of compensation benchmarking.