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The Weight on Employees When budgets get tight and the gap between salaries and cost of living grows, any one additional factor — such as the rising cost of gas for an employee who needs to commute to work — could be enough to prompt workers to look for a new role that pays even $1 or $2 more an hour, said Ron Seifert, the North America total rewards leader at Korn Ferry.

If you pay a U.S. employee $50,000, you give them a W-2 and you’re done.

Organizations reported being less likely to modify their long-term incentive (LTI) plans or seek discretionary adjustments (Figure 2).

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In these sectors, seasonal hiring dropped 2% from 2023 to 2024, and Challenger forecast a further decline this year as e-commerce businesses and logistics providers continue to lean on automation, flexible scheduling and year-round staff to meet fluctuating demand.

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., will continue to emerge and reshape the contingent worker marketplace. 2.

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The top three reasons why you should engage with your local affiliate: 1) exchange of ideas and experiences with colleagues in your area, 2) strengthen your expertise in seminars, training and events held near you, and 3) further develop your career through new professional connections.