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An Alexander Group survey found that sales departments are allocating a traditional and modest 3% increase for on-target-earning budgets in 2023.

Shortly before reviewing Workspan plans, I got a preview of the main narrative elements of WorldatWork’s 2024-2025 Salary Budget Survey that will be discussed at a forthcoming digital event on Aug. 13 .

Use that data to develop strategies to either increase utilization and engagement or remove a particular benefit, allowing budget dollars to be spent elsewhere.

Details of results from the report’s primary focus areas include the following: Compensation budgets.

For WorldatWork Members Beyond the Black Box: Why ‘Explainable AI’ is Non-Negotiable for HR , Workspan Daily Plus+ article;Here Are 3 Ways HR Can Exhibit Agility and Show Value in the New Year , Workspan Daily Plus+ article;AI Tools May Pave the Path to Greater Objectivity in Skills-Based Pay , Workspan Daily Plus+ article;Get the Most Out of Your AI Investment , Journal of Total Rewards article;AI Copilots: Improving the HR Experience for Employees , Journal of Total Rewards article;Mini-Study: Emerging Insights on AI in Total Rewards , research; For Everyone The Shakeup of the HR Function Is at Hand (and Needed) , Workspan Daily article;AI Emphasis Among HR Executives’ Primary Focuses for 2026 , Workspan Daily article;Constrained Budgets, AI Among Top Influencers Shaping Comp , Workspan Daily article;AI in the Workplace: Why HR Must Lead With Policy, Not Hype , Workspan Daily article;AI in the Real World: What People Are Actually Doing and Why It Matters , on-demand webinar

While IC spends can (and should) go over budget to achieve key goals, some companies unintentionally utilized more than 100% of their budget.

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 ;Employee Experience ;Finance and Budgeting ;

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;Finance and Budgeting;

.; 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;Finance and Budgeting;

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: ;Equitable and Diverse Workplaces; ;Employee Benefits; ;Employee Compensation; ;Executive Compensation; ;Finance and Budgeting;