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A typical minimum wage increase may be 2% and 3%, she said, while a typical employer salary budget may be between 3% and 4%.

Federal Trade Commission ; and,; ;The odds of the FTC pulling back its appeal of that decision grew significantly following Trump’s recast of the commission on Jan. 20 (Republican Andrew Ferguson was named chair and Mark Meador was positioned as the successor to Democratic commissioner Lina Khan, setting up a 3-2 Republican majority on the five-member committee).; The next domino to fall may indeed be the FTC dropping that appeal in the Ryan case.

Just 2% said the current environment would have no impact and 16% were unsure how things would shake out.

Top priorities this year include equipping managers to use performance management more effectively, make better compensation decisions and communicate rewards more effectively (see Figures 2 and 3).

.; 2) Know the Jobs Different sales jobs have different goals and priorities that should be reflected in the incentive plan’s design.

Although the unretirement trend appears to be stabilizing, it stands well above the pandemic levels of 2% to 3%.

.; Investing in mental health improves employee health, productivity and loyalty For every $1 put into treatment for common mental health disorders, there is a return of $2-$4 in improved health and productivity, according to World Health Organization (2021) estimates.;89% of workers at companies that support well-being initiatives are more likely to recommend their employer to others (Beheshti 2019).;80% of employees treated for mental illness report improved levels of work effectiveness and satisfaction.

The increased accuracy required for a pay equity review will require from eight to 10 factors, which will predict pay relativity within 2% to 4%.

The resulting differential of 14 percentage points is significantly larger than in 2020, when the difference (2 percentage points) was well within the margin of error.

Despite many surveys of employer intent still reporting that the “average” employer is budgeting 2% to 3% for pay adjustments (down from slightly over 3% a year ago), a significant percentage of employers cannot fund any increases because of the precipitous decline in their revenues.