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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: ;Executive Compensation; ;Finance and Budgeting; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

In WorldatWork’s 2024 Total Rewards Inventory of Programs & Practices , 69% of the nearly 1,000 responding organizations reported offering paid time off for employees to vote, and 33% reported offering unpaid time off to vote.

But, the total pay increase budget, projected at 4% for 2023, is still less than half of the inflation rate (8.3% for the 12 months ended August 2022).

Save Reuse Permission As sales roles change, so must total rewards.

How to Tailor Rewards for Flextirement Employees Total rewards packages may look different for retirement-age employees working fewer hours, but employers should still consider that population’s needs .

; ;The Impact of the H.R. 1 Law on the Telehealth Safe Harbor; Access additional Workspan Daily Plus+ articles related to H.R 1: ;Checklist for Total Rewards to Be Compliant with H.R. 1 Provisions;The Ripple Effect: 529 Plans as a Catalyst for Financial Stability; ;What Are TR Pros’ Options for Paid Care Leave Design; 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 Benefits; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members The Role of Employee Ownership in Total Rewards Strategy , Journal of Total Rewards article;Putting the Plan in Place: Introducing an ESPP at Aramark , Workspan Magazine article;Pivot on Pay: Getting Creative to Attract and Incentivize Talent , Workspan Magazine article;Compensation Structure Policies and Practices , research; For Everyone Professional Services Firms and Their Search for Liquidity , Workspan Daily article;Employee Trust Is a Problem (that TR Pros Can Help Address) , Workspan Daily article;Total Rewards ’25 , conference; NEW!

For instance, if employees want to shift $100 in base pay to bonus, they would get $100-$125 added to their their bonus – a 10%-25% premium in total compensation opportunity.

Strategic areas where employers are expected to make major changes include optimizing work and job design, rethinking total rewards and defining careers.; NEW!

Toward the highly compensated employee (HCE) exemption, the DOL rule mandated that classified workers make at least: ;$132,964 in total annual compensation on July 1, 2024 (up from the previous $107,432 outlined in the 2019 final rule), and; ;$151,164 on Jan. 1, 2025.; The Counterargument Muddying the Matter On Nov. 15, 2024, the U.S.