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Maintaining data integrity and accurate performance tracking becomes challenging, potentially affecting employee morale and trust in the compensation process.

Employee Compensation Total Rewards Survey Results WorldatWork's Bonus Programs & Practices study has been conducted at intervals beginning in 2001.

This figure drops to 3% when using total cash compensation, which includes short-term incentives such as bonuses for achieving immediate goals like sales targets, and to 2% when using total direct compensation, which includes long-term incentives like stock-based rewards.

Industry Variations In Mercer’s study, the technology sector reported above-average compensation budgets, with increases of 3.5% for merit and 3.8% for total compensation, while the healthcare services industry reported below-average increases for merit (3.0%) and total compensation (3.5%).

The scorecard approach for ESG-linked compensation can mitigate some of those challenges.

Employee Compensation Equitable & Diverse Workplaces Survey Results This survey reveals the methodology used by companies today for evaluating jobs — both internal and external — and strategies for market pricing.

The Alexander Group’s 2024 Compensation Trends Survey found that 41% of companies use an executive bonus plan, 25% use a sales compensation plan, and 34% use hybrid plans or different plans for different leaders.

By passing this bill, the Legislature stands united behind every worker — and with every business — in our steadfast commitment to the fundamental principle that every person has the right to be treated and compensated fairly in the workplace.”

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