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Revamp Your Messaging;Rate Your Current State with This PTO Usage Audit Checklist; The BambooHR report found PTO patterns also varied by industry: ;The highest PTO request rates came from workers in the finance and nonprofit sectors .; ;Employees in the travel and hospitality industries and the restaurant, food and beverage industries were least likely to ask for PTO.; ;The industries most likely to approve time-off requests were construction and restaurant , food and beverage, and tech.; ;The healthcare sector saw the lowest PTO approval rates.; Why Are Workers Taking Less Time Off?

It involves comparing your salaries and overall pay structure to what similar employers — in your industry, geographic area, workforce model, etc. — are paying for comparable roles.

“With differences in how and when organizations and industries recover from the pandemic, and with labor shortages across various industries, we anticipate a great deal of flux in salary budgets over the next few years.”

Other key findings: Healthcare services are projecting 2024 budgets that lag other industries, with merit budgets of 3.1% and total increase budgets of 3.4%, as the industry continues to recover from the financial impact of the pandemic.

The struggle to capture sales team ROI is fueled by the absence of standards and the variability of components measured across companies and industries.

While the decline in employee confidence stretches across all industries Glassdoor tracks, it has hit white-collar industries particularly hard.

Average Wall Street Bonus Falls Slightly The average Wall Street bonus fell slightly last year to $176,500, as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday.

The Conference Board report was based on a survey of 460 U.S. compensation leaders across industries, sectors and employer sizes from May 19 to June 20.

For organizations seeking to establish competitive compensation strategies, that means taking some time to understand what others in your industry are offering.

“The construction industry is facing a skilled-labor shortage as industry veterans with tribal knowledge retire and companies find it harder to attract younger workers,” he said.