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Month Role Value Internal Hire Productivity Monthly Value Produced Productivity Loss Month 1 $10,000 25% $2,500 $7,500 Month 2 $10,000 50% $5,000 $5,000 Month 3 $10,000 75% $7,500 $2,500 Total $30,000 50% average $15,000 $15,000 For a simplified net benefit example, where the external hire is 100% productive on day one, and the internal hire takes three months, see the following breakdown.

Despite many surveys of employer intent still reporting that the “average” employer is budgeting 2% to 3% for pay adjustments (down from slightly over 3% a year ago), a significant percentage of employers cannot fund any increases because of the precipitous decline in their revenues.

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The increased accuracy required for a pay equity review will require from eight to 10 factors, which will predict pay relativity within 2% to 4%.

For example, Citibank posted salary ranges from $0 to $2 million but later explained this as a computer glitch ( Brady 2022).

.; Investing in mental health improves employee health, productivity and loyalty For every $1 put into treatment for common mental health disorders, there is a return of $2-$4 in improved health and productivity, according to World Health Organization (2021) estimates.;89% of workers at companies that support well-being initiatives are more likely to recommend their employer to others (Beheshti 2019).;80% of employees treated for mental illness report improved levels of work effectiveness and satisfaction.

We also see a demand for more nuanced legal frameworks that address both the needs of employees and the realities of the modern workplace.

The resulting differential of 14 percentage points is significantly larger than in 2020, when the difference (2 percentage points) was well within the margin of error.

Figure 2 shows that 5% of employers answered “yes,” while another 7% said “yes,” but explained that this is without a budget.