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In recent years, a null salary increase budget has been uncommon in some corners, with only 1% of companies that responded to WorldatWork’s 2023-2024 Salary Budget Survey providing no raises for most employees in 2022 and 2023.

;The financial services provider holds itself out as a trusted adviser by either: (1) specifically stating it is acting as a fiduciary under Title I or II of ERISA, or (2) making its recommendation in a way that would indicate to a reasonable investor it is acting as a trusted adviser making individualized recommendations based on the investor’s best interest.; Again, in providing clarity for HR professionals, the final rule explicitly states: “The Department also would not consider salaries of human resources employees of the plan sponsor to be a fee or other compensation in connection with or as a result of the educational services and materials that they provide to plan participants and beneficiaries.”

“Burnout is widely recognized as the No. 1 threat to a positive company culture,” Wagnac said.

What Well-Being Programs Bring to the Table The average return on investment (ROI) for employee wellness programs is 6:1, with 72% of employers seeing reduced healthcare costs after implementing such a program, according to Zippia, a provider of career development solutions.

Sickness or Disability When an employer has 1) a PTO plan that can be used for sick days and 2) the employee is not yet eligible for that PTO or has exhausted that bank, then the employer may dock the employee’s salary in full-day increments only.

In fact, the report found nearly half of Americans carry at least $25,000 in debt, and 1 in 5 owe more than $100,000.

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 Experience; ;Finance and Budgeting; ;Total Rewards; ;Workforce Engagement; #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 Experience; ;Employee Recognition; ;Organizational Performance; ;Workforce Engagement; #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; ;Employee Recognition; ;Organizational Performance; ;Workforce Engagement; #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: ;Organizational Performance; ;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.