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However, there are companies and industries that do not follow this payout expectation.

By industry, the largest increases in May occurred in business and services, which added 64,000 jobs.

Companies outpacing their industry in both revenue growth (+9%) and earnings before interest, taxes, depreciation and amortization (EBITDA) margin (+12%) complement their “talent brand” strengths with differentiators targeted to commercial execution.

Programs such as mixed-age teaming, mentoring and job shadowing help older workers feel engaged and connected to younger associates while allowing the latter group to soak up the some of the former’s wisdom and institutional knowledge about the market, industry and navigating the company internally.

You likely will need to spend money on industry market surveys.

For WorldatWork Members Salary Data Center , tool;Salary Benchmarking , tool;Compensation Structure Policies and Practices , research;Why It’s Time for a Compensation Philosophy Refresh , Workspan Magazine article; For Everyone How An Industry Leader Sees Technology Transforming Total Rewards , Workspan Daily article;Benchmark Gaps: Staying Market-Driven When Comp Data Is Missing , Workspan Daily article;The Five Goals of a Strong Compensation Structure , Workspan Daily article;How to Measure the Success of Your Annual Compensation Cycle , Workspan Daily article;Navigating the Architecture and Benchmarking Challenges of Hybrid Jobs , Workspan Daily article; The days of big Excel spreadsheets to manage market pricing jobs are in the rearview mirror for those in the total rewards profession (or, at least, they should be).

But as peers across industries elevate their rewards approach, the question becomes: How will we stand out?

Making Better Decisions Although the MIT/University of Illinois study focused on the use of employee voice in making changes to production processes in manufacturing workplaces, the findings can apply to employers in other industries and with different goals, such as improving employee experience.

Yet, performance metrics often extend beyond management’s control and are affected by market forces and industry trends.

The rich tradition of job evaluation grew out of work measurement and industrial engineering.