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Following are three major takeaways from our research: 1.

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When deciding the theme for this issue of The Journal of Total Rewards , it was clear that pay transparency has become a growing area of focus for our readers —as well as a societal, business and political hot-button topic.

Compensation Cost to Sales Ratio = (Total Compensation Costs / Total Sales Revenue) * 100 Compensation (Bonus) Gross Up Example Gross-Up Example for a $5,000 Bonus If the employer wants to award a **net bonus** of $5,000 and the combined tax rate is **30%**, here's how to calculate the grossed-up amount: Gross-up Factor Calculation: Gross-up Factor = 1 / (1 - Tax Rate) Gross-up Factor = 1 / (1 - 0.30) Gross-up Factor = 1 / 0.70 Gross-up Factor ≈ 1.4286;Gross Bonus Calculation: Gross Bonus = Net Bonus × Gross-up Factor Gross Bonus = $5,000 × 1.4286 Gross Bonus = $7,143;Verification: Gross Bonus: $7,143 Taxes Withheld: $7,143 × 30% = $2,143 Net Bonus: $7,143 - $2,143 = $5,000; Final Grossed-Up Amount: $7,143 The employer should pay a **grossed-up bonus of $7,143** to ensure that the employee receives a **net bonus of $5,000** after taxes are deducted.

For WorldatWork Members ;How Total Rewards Can Solve Loyalty Issues Among Younger Workers , Workspan Daily Plus+ article;How to Increase Engagement Among Remote Workers , Workspan Daily P lus+ article;International Remuneration: An Overview of Global Rewards , course ; For Everyone ;Gen Zers and Millennials Are Increasingly Rejecting Corporate Loyalty , Workspan Daily article;Convert Employee Surveys into Meaningful Change in 5 Steps , Workspan Daily article;Invest in Career Development to Retain Young Talent Workspan Daily article ; ; Risk management and consulting firm Gallagher identified career development as a significant factor influencing employee engagement and retention in its 2024 Workforce Trends Report on Career Wellbeing .

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For WorldatWork Members ;Equity in Well-Being: Menstrual and Menopause Support Policies, Workspan Daily Plus+ article; ;Ready, Set, Go: Optimize Your Physical Well-Being Programs , Workspan Daily Plus+ article; ;Addressing the Healthcare Gender Gap , Workspan Magazine article; ;Total Rewards Inventory of Programs and Practices , research; For Everyone ;Menopause Benefits Can Help Businesses Retain Seasoned Employees , Workspan Daily article; ;How Employee Leave Policies Can Support Women’s Health , Workspan Daily article; ;How Employers Can Address Women’s Growing Job Dissatisfaction , Workspan Daily article; Although most HR professionals are aware that perimenopause and menopause symptoms affect the careers of many women in the workplace, only 22% of them believe their organizations actively work to reduce this stigma for employees.

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How We Got Here In April 2024, the DOL, with the support of the Biden administration, issued its final rule to: Significantly raise the minimum salary for exemption as an EAP employee under the FLSA — from the $35,568 annual standard outlined in the DOL’s 2019 final rule to $43,888 beginning on July 1, 2024, to $58,656 on Jan. 1, 2025, with subsequent automatic escalator provisions.