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But, the total pay increase budget, projected at 4% for 2023, is still less than half of the inflation rate (8.3% for the 12 months ended August 2022).

In WorldatWork’s 2024 Total Rewards Inventory of Programs & Practices , 69% of the nearly 1,000 responding organizations reported offering paid time off for employees to vote, and 33% reported offering unpaid time off to vote.

., served as guest editor for this Performance Management and Total Rewards issue of The Journal of Total Rewards .

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Equitable and Diverse Workplaces; ;Employee Compensation; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members ;What Are TR Pros’ Options for Paid Care Leave Design , Workspan Daily Plus+ article; ;Use This Template to Create Your Paid Family and Medical Leave Policy , Workspan Daily Plus+ article; ;Best Practices for Supporting the Parental Leave Transition , Journal of Total Rewards article; ;Family Time: Giving New Parents a Hand , Workspan Magazine article; For Everyone ;Paid Care Leave Rising in Importance for Workers, Workspan Daily article; ;Why Caregiver Stress Is a Total Rewards Issue (and Opportunity) , Workspan Daily article; ;Family Care: A Meaty Problem for ‘Sandwich Generation,’ Employers , Workspan Daily article; ;Who’s Caring for the Caregivers?

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Total Rewards; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Equitable and Diverse Workplaces; ;Total Rewards; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

They drop to part-time, take paid or unpaid leave, take sick days, are absent, quit, or retire early.

For WorldatWork Members Helping Employees Secure Their Retirement Future , Journal of Total Rewards article;Retirement Booster , Workspan Magazine article;Revisiting Retirement Benefits , Workspan Magazine article;Your Retirement Plan May Be Fostering Inequity: Here’s How to Fix It , Workspan Magazine article; The fact that most Americans are so unprepared for retirement that they fear it more than death , according to recent LiveCareer research, is a problem for employers — one that total rewards professionals can help solve.

For WorldatWork Members Branding the Organization: The Role of Rewards Strategy , Journal of Total Rewards article;Assembling a More Perfect Value Proposition at IKEA , Workspan Magazine article;Bullying & Sexually Marginalized Workers: A Threat to the Employee Value Proposition , Journal of Total Rewards article; Hannah Wilken (pictured above) is the regional director of people science at employee experience platform Culture Amp.