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The survey of 990 organizations of all sizes and industries also found that bonuses of all kinds have grown steadily since the inception of this survey in 2015 (with the exception of 2020), a reflection of their value in enabling businesses to compete for talent in a tight employment market while limiting long-term employee expense.

WorldatWork HRCI* SHRM** Credits 1 compensation domain-specific 1 1 *HRCI: This program has been approved for 1 (HR (General)) recertification credit hour toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute.

While 55% of organizations communicate STI metrics and goals at the start of the year, fewer than 1 in 4 explain why they were selected.

Journal of Computer-Mediated Communication 19(1): 1-19.

The survey captures information on six industries: financial services, consulting, IT, health care/pharma, manufacturing and retail.

Details Purchase this survey and receive access to the Online Reporting Tool that enables you to build customized reports based on industry and geographic area (U.S. and Canada).

Avoid these three common mistakes as you’re designing and implementing your own global sales compensation program: Mistake No. 1: Believing in Job Title Uniformity Job titles across geographies have the potential to vary significantly in meaning and job responsibilities, creating challenges in building the right plan for the right role.

Brian Hartstein, partner and chair of the labor and employment practice in the Chicago office at Quarles & Brady, acknowledged that employment contracts might not make sense for some organizations, depending on size and industry.

For instance, in industries that heavily employ recent immigrants — who may be trying to build a new foundation while also supporting family members in another country — workers are more likely to ask for overtime opportunities than well-being benefits or flexible schedules.

“Employers planning to lower salary increases closer to the 3% we saw for the decade before 2022 should understand that the competition for talent is still fairly strong, especially in certain industries.