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Compensation calculates a new salary per the stated guidelines and finance provides key input on budget implications.; ;Guidelines: Existing geographic differentials are leveraged to understand whether the move is to a higher- or lower-cost location.

The policy allows employees to work from a location outside of their main office for up to four weeks per calendar year.

Per reporting by the Wall Street Journal , workers in the U.S. are spending more time in the office again, with occupancy rates surpassing 50% for the first time since the start of the pandemic.

In addition to flexible Fridays, Weil associates and counsel will get 12 "flexible remote days" per year, the firm said.

According to the DOL, a recent analysis  by the Council of Economic Advisers of just one investment product — fixed index annuities — suggests conflicted advice could cost retirement investors up to $5 billion per year.

Take for example a salesforce that generates $200 million in revenue, $100 million in gross profit (50% gross profit margin percentage), and pays $16 million per year in cash compensation ($11 million in base and $5 million in variable pay) to the sales organization.

The pandemic also revealed previously hidden costs of working in the office, such as the roughly $61 per day spent on parking fees, gas or transit, coffee and meals .

And in 2022, 4% of organizations said they were conducting three or more compensation cycles per year.

The experts interviewed for this article shared that can lead to: ;An average employer cost of $51,000 per employee experiencing delayed retirement.; ;Shifts in workforce planning and succession strategies.; ;A bottleneck effect for younger employees whose career progression might be postponed, which may be partially contributing to the rise in employees seeking outside gigs or passive income streams and could lead to the loss of younger talent in an organization.; ;Reduced productivity, a lack of engagement and increased stress among older workers, who feel financially trapped or had to push back their retirement.; ;Increased healthcare costs for employers, including higher premiums for older employees.; A Generational Spectrum The financial outlook for today’s workforce often varies significantly depending on the generation.

Investment firm Fidelity forecasts that the average 65-year-old retiring in 2025 will need about $172,500 per person (themselves and their spouse) to cover healthcare costs in retirement.