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At the same time, nearly 1 in 3 employers say supporting employees through major life events is a top challenge.; Employers are clear about the problems they want benefits to address, with 34% wanting to improve employee well-being and 30% wanting to provide competitive benefits packages.

In recent years, studies have put the percentage of U.S. employees working remotely anywhere between roughly 3% to closer to 10% , with information and technical fields having the highest proportion of remote workers , according to a GlobalWorkplaceAnalytics.com analysis of Bureau of Labor Statistics data.

Instead of across-the-board 3% to 4% raises, many HR and total rewards leaders are giving merit increases only to high performers and those who are making below-market salaries.

WorldatWork is a United States 501(c)(3) tax exempt organization.

WorldatWork is a United States 501(c)(3) tax exempt organization.

WorldatWork is a United States 501(c)(3) tax exempt organization.

WorldatWork is a United States 501(c)(3) tax exempt organization.

The memo outlined the new distribution and pay multipliers for base bonuses: ;Outstanding (around 20% of employees): 200% individual multiplier, for “outsized impact” above corporate expectations; ;Excellent (around 70%): 115% individual multiplier, described as the “high-performance culture baseline”; ;Needs improvement (around 7%): 50% individual multiplier, for employees with performance gaps who are expected to improve; ;Not meeting expectations (around 3%): 0% individual multiplier, for those who “do not meet” corporate standards; Additionally, Meta said it is introducing a new Meta Award, a 300% individual multiplier for a small number of top performers who deliver “truly exceptional impact.”

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WorldatWork is a United States 501(c)(3) tax exempt organization.