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During a year without raises or bonuses, companies should examine other ways to recognize and reward employees.; When economic challenges or other factors compel a business to forego pay increases for a year, an intentional and empathetic communication strategy — and finding other ways to reward workers — can be essential.

“Making nonfinancial recognition personal and differentiated can go an even longer way,” he said, pointing out ideas such as a handwritten note, a note from a senior vice president and a restaurant gift card.

For WorldatWork Members ;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+ article; ;Skills-Based Mentoring: An Efficient Way to Build Skills , Workspan Daily Plus+ article; ;Measuring Up Mentorship Programs , Workspan Magazine article; ;Career Well-Being: Investing in Employees Key to Doing Business Today , Journal of Total Rewards article; For Everyone ;Invest in Career Development to Retain Young Talent , Workspan Daily article; ;Career Well-Being Drives Engagement and Retention , Workspan Daily article; Two-thirds (66%) of managers and executives say that most recent hires are not fully prepared for their new jobs, and a lack of experience is their most common failing, according to Deloitte’s 2025 Global Human Capital Trends report .

Additionally, Kais noted the evolving ways each generation views retirement, which can influence their savings strategies and needs, as well as their personal take on the “magic number.”

.; “Self-audits are one of the most effective ways to build a culture of compliance and trust,” said Deputy Secretary of Labor Keith Sonderling in a news release posted on the DOL website.

Ways to achieve this include: ;Ask about personal well-being before focusing on task execution.

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Feedback can best be described as a two-way communication process that provides information to a person, team or system about their performance, with the goal of improving their performance.

This provides employees with a tool of measuring their own level of success in an objective and meaningful way.”

According to Foote, some of the ways people can prepare to enter the field of TR in the next few years include: ;Developing AI data literacy.; ;Gaining an understanding of job architecture and pay governance.; ;Building knowledge of skills-based pay practices.; ;Developing communication and consulting skills.; Upskilling for the Mid-Career TR Pro Almost a third (31.9%) of the respondents in WorldatWork’s 2023 Total Rewards Professional Career Study said they would like to grow and transition into TR leadership roles.