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Plus, many employees would be willing to pursue years of schooling or training in order to make a career switch.

An All-Important Calibration Unlike what we are often told in traditional business schools, salary plus benefits and an occasional company picnic doesn’t equal a happy and productive employee.

Burke’s panel discussion is among the 120 learning sessions (featuring 200-plus speakers) taking place at the Total Rewards ’24 conference in Cincinnati.

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Overall, these changes translated into reported savings of more than $400,000 a year, plus increases in workforce productivity, according to the report.

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Access a bonus Workspan Daily Plus+ article on this subject: How to Build a Stronger Employee Referral Program; When done right, Yardley said a structured employee referral program can help employers hire faster, bring in more committed new hires, create a pool of internal advocates and increase overall employee retention and engagement.

Access a bonus Workspan Daily Plus+ article on this subject: ;How to Identify the Linkages Between Performance and Pay; The increased focus on performance management also reflects shifting employee priorities, said Tom McMullen, a senior client partner at consulting firm Korn Ferry.

Access a bonus Workspan Daily Plus+ article on this subject: ;In Their Words: WorldatWork Leaders Weigh in on 2025’s Top TR Trends; Pay Transparency One of the most formative TR trends of 2025 was the continually evolving focus on pay transparency and pay equity .

Verizon recently raised the minimum wage for some workers, increasing salaries to $20 an hour for new Verizon employees in customer service and $20 an hour (when base salary plus target commission are combined) for those in retail and inside sales.