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Hire a skilled facilitator if you don’t feel confident enough to lead it yourself or invest some development budget in yourself to get training first.

., senior economist with the Economic Policy Institute, which has maintained its Family Budget Calculator of living wage estimates for more than two decades.

For WorldatWork Members ;Teaching Employees About Pay Helps Avoid Transparency Problems , Journal of Total Rewards article; ;Answers to Common Employee Questions on Pay Transparency , Workspan Daily Plus+ article; ;How Employers Can Structure and Communicate Appropriate Pay Bands , Workspan Daily Plus+ article; ;2024-2025 Salary Budget Survey , research; One of the top three challenges organizations face in implementing pay transparency is a lack of manager capabilities to understand and explain compensation programs and practices, according to Mercer’s Global Pay Transparency Report.

There never seems to be enough budget to pay everyone well, so does it not make sense to differentiate, based on an ROI calculation?

;Add a budget buffer.

Those who need to plan actions will need to start preparing—by way of budgeting, adjusting compensation structures or reclassifying jobs.

It can provide organizations with experienced strategic insights and budget flexibility — allowing total rewards dollars to be reallocated to full-time staff, thus potentially enhancing those offerings.

For WorldatWork Members Incentive Pay Practices , research;2025-2026 Salary Budget Survey , research;How to Reward Top Performers When Pay Raises Aren’t Possible , Workspan Daily Plus+ article;Spreadsheet Tool: Maximize Productivity by Effectively Measuring It , Workspan Daily Plus+ article;How to Identify the Linkages Between Performance and Pay , Workspan Daily Plus+ article;Volatility-Proofing Your Incentive Rewards Strategies , Workspan Magazine article;Perspective: Competitive Pay-to-Stay Wins Over Pay-for-Performance , Journal of Total Rewards article; For Everyone Total Rewards ‘26 , conference;Prioritizing Performance: How Might This Push Impact Pay Strategies?

Explore Learning Options Labor costs are the largest portion of the operating budget in most organizations—which means Total Rewards professionals influence bottom line results in an important way.

Read the Full Report - Member only access Read the Full Report - Member only access 457 participating organizations 45% of participating firms use SPM-specific technology 19% budget more than $1 million annually to administer sales compensation programs 17% of responding organizations are manufacturers Thank You for Being a Member Get the most from your membership today!