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To that end, employers should be ready to offer a smooth transition with the help of a well-planned severance package, said LaCinda Glover, senior principal, rewards consultant and career practice leader at Mercer.

Walmart, the largest employer in the United States, recently became the latest example when it announced that it expects about 65% of its stores to be serviced by automation by the end of its fiscal year 2026.

Chief among them is the likelihood of candidates demanding the top end of a salary range, with Resume Builder finding that 68% of candidates saying they would do exactly that.

Mistake Number 3: Under-Relying on Data and Tools Too often companies that look to manage a significant change don’t start talking to their IT and admin teams until the end of the design process.

In the end, BDO’s Canavan says keys to a successful transition to a new, non-family CEO include working closely with the board and considering hiring a third party to help provide guidance.

Develop a timeline that incorporates flexibility, especially at the end of a quarter or performance period.

The 1.2% increase in the Employment Cost Index (ECI) last quarter and 4.2% increase for the 12-month period ending in March 2024, as reported by the U.S.

That era of invention and innovation ended relatively quickly, and over the past 15 to 20 years, many organizations have settled into a third modern era of pay design that is largely characterized by monotony and a considerable reduction in variety.

The annual fluctuations in unvested equity values net themselves out over time and end up showing the tallied value of compensation the moment someone could have taken their pay off the table.

UPS to Cut 20,000 Jobs, 70+ Facilities UPS is looking to cut about 20,000 jobs this year and close more than 70 facilities by the end of June as it drastically reduces the amount of Amazon shipments it handles, according to the Associated Press .