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“Employers reported their total 2022 base pay increase budgets at 3.8%, but our data showed a 6.7% increase in base pay for hourly employees staying in the same job at the same organization from 2021 to 2022.

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: ;Total Rewards; ;Finance and Budgeting; ;Sales Compensation;

For WorldatWork Members 2025 Priorities of Total Rewards Leaders , research;How Total Rewards Can Solve Loyalty Issues Among Younger Workers , Workspan Daily Plus+ article;Leveraging Incentives for Future Work Challenges: Exploring the Employee Perspective , Journal of Total Rewards article;Develop Personalized and Inclusive Recognition Programs for Your Hybrid Workplace , Workspan Magazine article; You know that hyper-personalized, “modular” compensation isn’t right for every organization, but you’ve shored up your comp philosophy, surveyed your employees and evaluated your workforce data — and you’ve determined your business would benefit from this framework.

At the very least, rising inflation may make total rewards programs (e.g., those on financial literacy) even more important to organizational employees.

Employers Forecast 3.5% Pay Increases for 2025 2,370 Hybrid Work and Flexibility: Expect Return-to-Office to Look Different in 2024 2,306 Salary History Ban Coming to Federal Employers and Contractors 2,134 D.C.’s Pay Transparency Law Aims to Close Severe Gaps 2,020 Employers May Have Reservations with Record-High Salary Expectations 2,006 Wave of Change: Pay Transparency Continues to Roll On 1,985 Additional Workspan Daily Factoids from 2024 ;336,524: Total number of platform views; ;172,884: Total number of active users; ;320: Total number of articles published during the year; ;37: Number of Workspan Daily Plus+ articles published since the feature debuted on Sept. 3; 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; ;Finance and Budgeting;

In each issue of Workspan , we grab some time with total rewards leaders, industry authorities and academics to get their insights on current workforce topics that are top-of-mind for them — and you.

For WorldatWork Members The Role of Employee Ownership in Total Rewards Strategy , Journal of Total Rewards article;Putting the Plan in Place: Introducing an ESPP at Aramark , Workspan Magazine article;Pivot on Pay: Getting Creative to Attract and Incentivize Talent , Workspan Magazine article;Compensation Structure Policies and Practices , research; For Everyone Professional Services Firms and Their Search for Liquidity , Workspan Daily article;Employee Trust Is a Problem (that TR Pros Can Help Address) , Workspan Daily article;Total Rewards ’25 , conference; Many businesses face a potential succession problem.

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: ;Career Growth; ;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.

Tailor Your Rewards While benefits such as work-life balance and flexibility are generally important to employees regardless of age, it may also behoove total rewards professionals to explore rewards offerings specifically tailored toward the needs of younger generations, Spencer said. “ Student debt support might disproportionately benefit millennials and Gen Z, but it could be a worthwhile investment for employers, given that 41% of survey respondents indicated that student loan debt has or will prevent them from pursuing their passions,” Spencer said.

.; 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; ;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.