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The industry projections for mean total increase budgets follow a similar pattern except for banking/financial services, which is projecting a merit increase budget lower than the national average, at 3.1%, but a higher-than-average total increase budget, at 3.7%

Total Rewards Strategies for Mental Health According to Dix, proactive steps are needed because: ;This is not purely a pandemic issue;; ;Unhealthy conditions existed and were building before it; and,; ;The situation is not going to resolve itself.; Dix advised organizations and their total rewards professionals to: ;Review the basics.

Compensation is at the core of what total rewards leaders — and Workspan readers — like you do every day.

Last year, Unilever experimented with a four-day workweek at its New Zealand office and reported a 34% drop in absenteeism , prompting an expansion of the program to Australia.

Workspan : You've said that differentiation is the future of total rewards.

Having a CAIO on the payroll is uncharted territory for most HR and total rewards professionals, who must learn how to create compensation and total rewards packages for a job that didn’t exist a few years ago.

“Inflation has been low for the last decade and economists are telling us it will probably drop again soon,” Wisper said.

Editor's note: This article is the second in a four-part series exploring living wages in the total rewards context .

For WorldatWork Members ;Walmart Embeds Progressive Pay Equity & Opportunity Equity Strategies , Workspan Magazine article; ;How to Support Employees Whose Work Can’t Flex , Workspan Magazine article; ;How Will Recent Union Wins Affect Overall Total Rewards?

For WorldatWork Members Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Total Rewards Inventory Checklist , tool;Total Rewards Inventory of Programs & Practices , research; For Everyone Open Enrollment Is an Opportunity for Education and Engagement , Workspan Daily article;Employers Should Exhibit Ongoing Focus on Employee Well-Being and Engagement , Workspan Daily article;Incorporate AI to Personalize Financial Well-Being Benefits , Workspan Daily article;Winning Talent with Global Benefits and Total Rewards , webinar; As this year’s open enrollment season wraps up, consider that most of your employees will likely regret their benefits selections.