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“There is need for additional support for those in the sandwich generation who find themselves caring for children and their aging parents,” said Tracy Bade, director of health, equity and well-being at WTW.

National Pay Structures Whether organizations should utilize a national-based pay structure or a more-targeted regional-based one will vary based on the organization’s philosophy and policy on hybrid/flex work, said Lesli Jennings, WTW North America practice leader for work, rewards and careers.

.; Presenters Steve Seelig Senior Director | WTW Steven.Seelig@willistowerswatson.com Steve Seelig is a senior director in the Center for Research and Innovation of WTW in Arlington, Virginia.

She led WTW's North America Fair Pay Team and was a key member of the Global Fair Pay Team.

A Willis Towers Watson (WTW) survey found that companies are budgeting an overall average increase of 4.1% for next year, up from this year’s 4% — that poll’s largest projected increase since 2008.

WTW's 2024 Pay Effectiveness and Design Survey , a client survey shared with Workspan Magazine , found that many of the employer respondents did not feel they were delivering on the core objectives of their pay programs.

But even if it were to pass, employers likely would continue to face an administrative maze of federal, state and local paid leave laws, said Alex Henry, group benefits leader at WTW.

Definition disconnects and off-base hiring metrics are exacerbated by the changing nature of work, such as the increase in automation from artificial intelligence, and shifting work patterns, said Ragini Mathur, a director of work, rewards and careers at consulting firm WTW.

According to the 2024 edition of WTW’s annual survey, Priorities for Employee Benefits: A Global HQ Perspective , nearly two-thirds (63%) of employers see benefits as the path to signal their company’s purpose, mission and employee value proposition externally over the next three years.

WTW analysis finds that compensation committee oversight now includes instituting and maintaining global HCM concerns.