Searching Compensation on page 63

.; Point-based rewards system ;Use-it-or-lose-it deadlines, if applicable, to spend reward points; 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; ;Employee Compensation; #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: Employee Compensation ;Finance and Budgeting ;Organizational Performance ;

Election , Workspan Daily article;Certified Compensation Professional , course;Turn Your Compensation Spreadsheet into a Secure, Multi-User Business Application , webinar;Pay Equity Law by State — Are You in Compliance?

Some of that may be due to bonus tenure requirements in an industry that has added a number of new workers recently.; ;Food and beverage companies paid bonuses to 6.8% fewer employees in 2024 — following significant recent wage growth in that industry, some companies may have needed to decrease their bonus budgets after increasing base wages.; The Role of Bonuses in Overall Compensation Strategy Bonuses and other variable pay are an especially popular compensation strategy in performance-oriented jobs or industries particularly focused on retaining skilled labor — and they spike during periods of economic growth, said Ruth Thomas, a pay equity strategist at compensation software and data company Payscale.

In the complex landscape of corporate mergers and acquisitions (M&As), executive compensation arrangements — particularly “golden parachutes” — play a critical role and get a lot of attention.

For WorldatWork Members ;WorldatWork’s Salary Budget Survey , research;Compensation Immersion Program , course;Performing a Pay Equity Analysis, course;Cracking the Compensation Code: Connecting Pay Strategy, Transparency and Benchmarking , webinar ; For Everyone ;Conference Board Projects 3.9% Salary Increase Budgets for 2025 , Workspan Daily article;Report: 2024 Salary Increases Lower Than Projected Workspan Daily article;Payscale: U.S.

Compensation incentives along with perks/non-monetary incentives are an effective short-term strategy to assuage employees’ hesitance to return to the office.; Many businesses that had grand plans of their employees returning to the office at some point in 2021 were stifled by lingering COVID-19 concerns.

. ; The compensation professional’s role is to support the organization’s efforts to recruit, retain and engage employees.

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; ;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 How to Reward Top Performers When Pay Raises Aren’t Possible , Workspan Daily Plus+ article;If Workers Feel Squeezed, Reinforce the Sum Total of Your Rewards , Workspan Dily Plus+ article;Perspective: Competitive Pay-to-Stay Wins Over Pay-for-Performance , Journal of Total Rewards article;Navigating Living Wages in Total Rewards , Workspan Magazine article;Compensation Philosophy Guide , tool;Leveraging Job Descriptions for Effective Compensation , tool; For Everyone Report Results Smack of ‘Peanut Butter’ Pay Raise Approach for 2026 , Workspan Daily article;The ‘Salary Squeeze’: How the Workforce Is Weighing Compensation , Workspan Daily article;Merit Reveal Season Is Here.