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Workspan Magazine article;WorldatWork’s Salary Budget Survey , research; For Everyone Mercer Projects 3.6% Total Salary Increase Budgets in 2025 , Workspan Daily article;Report: 1 in 3 Organizations Don’t Have a Pay Equity Strategy , Workspan Daily article;Understanding Base Pay-for-Performance and Merit Increase Guidelines , on-demand webinar;Base Pay Administration and Pay for Performance , course; Giving managers discretion in the allocation of merit pay increases can be empowering for both the giver and receiver.

.; and,; ;Professor Nicholas Broom at Stanford University, which highlighted that hybrid work boosted productivity by 3% to 4%.; The 11% productivity boost is driven by lower commutes, with employees benefiting from increased focus time and fewer distractions, ultimately spending up to 40% of time saved from traveling on additional work.

How AI Is Reshaping Jobs, the Workforce , Workspan Magazine article; ;How AI is Changing Total Rewards Functions and Roles , Workspan Magazine article; ;How to Use AI to Improve Your Recruitment Process , Workspan Daily Plus+ article; ;Audit Checklist to Uncover and Mitigate AI Bias in Compensation , Workspan Daily Plus+ article; With more organizations using artificial intelligence (AI) tools to assist with hiring tasks, and 1 in 3 employers foreseeing a fully AI-led hiring process by 2026, automation is no longer a concept — it’s a reality.

Access a related Workspan Daily Plus+ article on this subject: ;The Power of Play: Gamifying Employee Benefits Awareness; Other prominent research takeaways were: ;Nearly 3 in 4 participating workers would be more inclined to stay with their employer if benefits reflected their personal needs , but employers are generally not implementing the personalized programs needed for retention.; ;Workers rank work-life balance and flexibility higher than any other benefit, including salary — yet most employer programs still lead with compensation.; ;Just over 1 in 4 workers report mental health concerns, but utilization of support programs remains low — suggesting a gap in awareness, understanding or value.; As costs affiliated with total rewards (TR) rise and 72% of employers look to make changes to their benefit offerings, now is the time for HR and TR professionals to expand their field of vision since a misaligned rewards strategy is not only expensive but can lead to

Access additional Workspan Daily articles from this series: Planning for Healthcare in Retirement: Why Employers Must Step Up ;Take 3 Actions to Help Workers Turn Savings into Retirement Income ;4 Steps to Help Pre-Retirees Consider, Plan for Retirement Income ;Financial Planning Tips Can Help Older Workers Budget for Retirement ; Phased Retirement and Bridge Employment: A Strategic Middle Ground Many employers and employees are rethinking the concept of a “hard stop” retirement.

.; Course 3: Committing to Pay Equity Learn to maximize the value of your pay equity analysis and understand the mindset that drives a commitment to long term pay equity.

.; However, you must carefully assess affordability before eliminating triggers, as these safeguards often ensure payouts remain fiscally responsible. 3.

When it is all about your ego, there is going to be a lot of clashing, especially if people are not on board and doing things their own way.” 3) Be personally involved but know when to step back.

HRdive.com , Sept. 3, 2024.

The total pay for CEOs in the 300 largest US companies reviewed by Korn Ferry increased by approximately 7% annually over the last decade, while that for the average worker went up only 3%.