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A new WorldatWork pulse poll finds organizations are beefing up their 2022 merit increase budgets to accommodate talent amid a tight labor market.

Since almost all our conversations have moved online in forms of meetings, catch ups, team syncs, etc., the daunting task continues to be how to make virtual and hybrid meetings more productive, meaningful and engaging for everyone involved.

The labor cuts make up 30% of this figure, with another 50% coming from marketing operations and 20% from decreased spending on technology, procurement and other expenses, CNN reported.

The median internal minimum wage (a company’s lowest wage or starting rate for any position) is now up to $16.70, up from $15.50 in 2022.

The weighted average of monthly wage increases — a combination of base pay components that raise the basic wage and regular wage increases due to age or seniority — was 5.1% this fiscal year, up 1.52 percentage points from the previous year.

Is it appropriate to discuss a retirement date if the employee brings it up?

This article gets you up to speed on recent action on noncompetes at the state level.

What You Will Learn: How to create an interactive Incentive Modeling tool;Spin buttons, Data Validation, Vlookup and If functions to model different eligibility and target achievement levels;Name ranges to make formulas easier to write, understand and edit;Tables and structured table references to allow for possible increases in employee numbers, and to make formulas easier to write and understand;How to set up flexible performance – payout tables linked to the incentive Modeling tool using the Rows function;How to calculate employee incentive payout amounts before and after modification using Vlookup, If, If(And) and Sumproduct functions, referencing the parameters set up in the incentive Modeling tool;Set up a bonus pool linked to EBIT and a modifier to ensure that incentive payout costs do not exceed the bonus pool;Use the What-if Analysis tools, Goal Seek and Data Tables, together with conditional formatting to model the impact of alternative incentive options;Create interactive tables

WorldatWork’s Executive Compensation Immersion program can get you up to speed quickly, giving you a solid foundation in key concepts and best practices so you can confidently take on the roles and responsibilities that will propel your career forward.

Education Credits Event & Webinar Credits Membership Credits Presenting Credits Writing Credits Volunteering Credits WorldatWork Writing / Review Credits Type Credits Earned Writing – Article / Blog 3 credits / publication; up to 12 credits / certification year* Review – Article/Blog 1 credit / publication; up to 4 credits / certification year* See Writing Options Writing Credits for Other Organizations Type Credits Earned Article / Blog 1 credit / publication, up to 6 credits / certification year* Contributing to Book 2 credits / chapter