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Rather than just a general story that the company is paying market-competitive rates, organizations should provide information on the type of peers they want to compare themselves with, as well as the underlying rationale.

The report also found that while current pay budgets have risen to 4.2%, in 2022 more than two-thirds of companies (70%) spent more than they originally planned on pay adjustments for the past 12 months.

Hybrid Options Work for All Demographics Of the women surveyed by Deloitte, 70% were more likely to stay with their employer in the coming years if they have a high degree of work flexibility.

WorldatWork research found the percentage of employers offering paid parental leave to some or all their employees grew from 46% in 2016 to 70% in 2022.

That’s up 45% since 2015, according to the report, which also found that 70% of surveyed are juggling paid employment and caregiving.

Consider Alternatives to Unlimited PTO Many HR/TR teams may be abandoning unlimited PTO, but flexible benefits should still remain a top priority.A survey by insurance company MetLife showed 70%of workers said customizable benefits would increase their organizational loyalty, and the demand for a better work-life balance will only become more important in the coming years.

President Donald Trump about making alternative assets more accessible in 401(k) plans;; ;Department of Labor amendments regarding alternative assets and cryptocurrency in retirement plans; and,; ;A reduction in Securities and Exchange Commission restrictions on private equity in certain types of funds; … the question of incorporating these types of investments into workplace retirement plans is increasingly on the radar for employers and their total rewards (TR) professionals.

The survey findings are organized into twelve topics, including: the types and characteristics of salary structures used, competitive positioning, frequency in adjustment of salary structures, strategy and design of salary structures, workplace changes, and more.

.; Career development opportunities are a type of indirect compensation that clearly benefits both your employees and your organization.

This survey explores those options, including the types of flexible work arrangements employers offer, the availability of compressed workweek schedules, which teleworking expenses are covered by employers, what kinds of training are offered to managers and flexible workers, employee access to flexible work programs and more.