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The demand for the other type of gig worker is driven by the business need for specialized skill sets required for a limited term, often on a project basis.

Depending on the study, roughly half of the working population is remote, with Gallup projecting that 55% of employees will be hybrid (split between in-office and remote work) by the end of 2022 and beyond, and about 22% expected to be exclusively remote in that timeframe.

“I think the Fed should remain vigilant,” Holtz-Eakin said, adding that the new inflation figures should cement two more rate hikes from the Fed, as the central bank is projecting by the end of the year.

“Compensation practitioners will need to ensure that the salary budgets they project take into account the expected increases and that systems and compensation allocation guidance for managers takes these factors into account,” he said.

;Offer incentives such as paid time off for skill development, funding for conferences or training, opportunities to work on projects that teach new skills, and digital badges or credentials.

She also leads strategic global compensation projects.

This group would benefit from consultations with financial advisors, if available, and a clear understanding of retirement income projections.

These certifications — from cloud computing to project management to generative artificial intelligence — are becoming vital credentials,” Turba said.

Workspan Daily article;Healthcare Cost Projections Necessitate TR Strategy Updates , Workspan Daily article;Customizing Health Benefits: Cutting Costs Without Cutting Corners , webinar; When it comes to their pharmacy benefits, workers want the convenience and performance of the apps they use to shop, bank and unwind — and they’re looking to their employers to provide it.

The report found investment banking underwriters are projected to receive the largest increases, up between 25% to 35%, followed by a 15% to 25% increase for investment banking equity underwriters.