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Employers Added Just 114,000 Jobs in July; Unemployment Rose to 4.3% The U.S. unemployment rate rose to 4.3% in July, and nonfarm payroll employment edged up by 114,000, far below expectations, according to a data report released August 2 by the Department of Labor’s Bureau of Labor Statistics (BLS).

Read: The Global Compensation Puzzle A challenge may arise if systems are set up differently across business units or countries — and may be magnified if different systems are used.

This article aims to get you up to speed on the latest news.

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.

For example, if a plan has a specific deductible of $100,000, the employer is responsible for paying all of an employee’s medical claims up to that amount.

.; New Research Shows Employees are Prioritizing Benefits Decisions According to new research by Voya Financial, 77% of employed Americans “strongly agree” or “somewhat agree” that they plan to spend more time reviewing their benefit elections during annual enrollment to maximize their benefit dollars because of the current state of the economy — significantly up from 69% last year.

For WorldatWork Members The Great Benefits Reset: Value, ROI Lead Strategic Influences Ahead , Workspan Magazine article;Utilizing Benefits to Strategically Foster Employee Engagement , Journal of Total Rewards article;How to Understand What Matters Most to Job Candidates , Workspan Daily Plus+ article;Benefits Pulse: A Guide to Listening, Learning, and Leveling Up , tool;Total Rewards Inventory of Programs & Practices , research; For Everyone Employers Aim for a Benefits Bull’s-Eye But Frequently Miss the Mark , Workspan Daily article;Employers Say They Offer ‘Modern’ Benefits; Workers See It Differently , Workspan Daily article;Benefits Outsourcing: Selecting, Contracting and Managing Service Partners , course;The Future of Direct Care in Employee Benefits , on-demand webinar; For today’s workers (and job seekers), the bottom line extends beyond the total on their paycheck.

More than 70% of working American depend on secondary income sources, according to a MyPerfectResume survey, with 35% needing to do so to cover basic living expenses (others picked up additional jobs to pay off debt or save for future goals).

If a strategic change was prematurely leaked, your announcement timeframe has just moved up, and it should be made now.; ;Communicate with affected employees.

Market data foretold the first half landscape that was to come, as WorldatWork’s “ Salary Budget Quick Poll ” conducted in January and a follow-up survey conducted in February found a majority of organizations increased their planned 2022 salary budgets from projections made just six months prior to address the competitive labor market and inflation.