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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).

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.

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 Compensation; ;Total Rewards;

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: ;Career Growth; ;Employee Compensation; ;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 example, do current job offer letters, employment agreements or total rewards statements note that “employees are paid monthly ” or “your weekly compensation will be [amount]” or “your total earnings distributed biweekly over 26 pay periods were [sum]?”

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; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

INDIA A Total Rewards Transformation Takes Shape India’s employers plan to rethink total rewards strategies in the next three years, as emerging trends in AI and employee expectations change traditional practices.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;WorldatWork KPIs and Business Formulas , tool;Benefit Document Builder , tool;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;Studies: Benefits Offerings Grow to Strengthen Employee Engagement , Journal of Total Rewards article; Cultivating the right mix of employee benefits is more important than ever for organizations and their total rewards (TR) professionals, particularly with research indicating personalization and choice are impactful in attracting and retaining top talent.

For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;Compensation Structure Policies and Practices , research;Total Rewards Inventory Checklist , tool; As a total rewards professional, your role in supporting employees who are veterans and reservists is crucial.

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 Compensation; ;Total Rewards;