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When organizations educate employees about how pay is determined, employee trust in the organization increases by 10% and pay equity perceptions increase by 11%.

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Bonuses for debt underwriters are expected to stay flat or drop as much 10%, while payouts for equity trading could fall 5% to 10%.

Turnover rates returned to historical pre-pandemic levels, with the typical turnover of 10% for sales personnel in 2021 and projected for 2022.

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We saw this more than 10 years ago, when career development emerged as the No. 1 retention driver for the sales workforce back in 2010.

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.; ;Increases in other industries (10% in real estate, 9% in entertainment and recreation, and 8% in retail) also reflect a strong 2024 for those sectors and business owners’ optimism.; ;Bonus amounts in some service industries were down, including personal services (down 10%) and tourism and accommodations (down 7%), potentially signaling a cooling of wage growth for service workers after several years of post-pandemic wage increases.; ;The transportation and warehousing industries also saw a 10% decrease in bonus amounts, following a downturn in freight rates, demand and revenues.; “Instead of spreading bonuses more evenly, companies may be concentrating them among fewer employees to control overall compensation costs, especially in uncertain economic conditions,” said Nich Tremper, a senior economist at Gusto.

Recruit, Recognize and Reward the Intangibles Creativity, emotional intelligence and communication ability — these are three of the top 10 qualities that the World Economic Forum focused on in their 2019 skills outlook .