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Average payouts were slightly up relative to 2021 (117% versus 115% of target on average), suggesting companies performed well relative to their long-term strategies set in 2020.

While turnover is relatively low, respondents cited workforce burnout and disengagement as continuing concerns.

.; On the heels of New York City’s relatively recent pay transparency law , the state of New York has followed suit with a pay transparency law of its own.

Actual Annual Incentive Plan Performance How did CEOs perform relative to their corporate scorecards in 2023?

They won't toss out the traditional peer group competitive pay analyses and pay-for-performance assessments, but they will supplement them with a richer discussion of how executive total pay is increasing relative to pay for everyone else in the organization and additional external norms.

Though job creation is high, unemployment remains relatively low, putting pressure on organizations to raise starting salaries to attract new employees.

“Private employers added jobs in October for the first time since July, but hiring was modest relative to what we reported earlier this year,”said ADP chief economist Nela Richardson.

Employee listening also sheds light on how pay, benefits and well-being programs are valued relative to other components of the broader employee value proposition, like career opportunities.

“They’re relatively easy to use, and that has opened up a new fleet of what I’d call neophyte hackers with powerful tools in their hands.

.; ;Flexibility, personalization and equity-focused reward practices continue to rank lower relative to other factors.