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Subsequently, this was followed by the BPO industry and the IT industry, Rajesh said.

“How do we fix the No. 1 thing that people are telling us they leave for?”

;The Monumental Mission of Meaningful Mentorships;Proactive TR Pros See ‘Train’ of Change Coming, Take Steps to Act;The Keys to Creativity and Driving Innovative Total Rewards;The Pros and Cons of Giving Managers Discretion on Merit Increases;Using Analytics, Innovative Framework to Transform HR/Total Rewards;How An Industry Leader Sees Technology Transforming Total Rewards;Biopharma Compensation Leader Has Put AI Under the Microscope; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Experience; ;Organizational Performance; ;Total Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Following are three major takeaways from our research: 1.

According to a new Pew Research Center analysis of median hourly earnings of full- and part-time workers, women made 82 cents for every $1 for men in 2022 as the pay gap closed only 2 percentage points since 2002.

Workspan Daily Plus+ article;Companies Are Reconsidering Geographic Pay Policies , Workspan Magazine article;Maximizing the Effectiveness of Knowledge Workers , Journal of Total Rewards article;Total Rewards Inventory of Programs & Practices , research; For Everyone Reducing Risks and Complexity Associated with Independent Contractors , Workspan Daily article;Customization, Creativity Driving Workplace Talent Mobility Strategies , Workspan Daily article;Setting Compensation for Digital Nomads , Workspan Daily article; Nearly 1 in 5 workers in the United States — more than 32 million of them — are immigrants who may be navigating a maze of shifting immigration policies, executive orders and heightened enforcement.

., have let go almost 11,000 employees so far this year, according to Layoffs.fyi, which tracks tech industry job cuts.

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Only 1 in 5 provide effective coaching and feedback to the employees working under them, according to recent research from consulting firm WTW — with significant challenges in individual goal-setting and helping keep goals on track and relevant year-round.

Take, for example, what is happening in the legal industry.