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Existing noncompetes for senior executives — who the commission said represent less than 0.75% of workers — can remain in force under the final rule, but employers are banned from creating or attempting to enforce any new noncompetes, even if they involve senior executives.

Access a bonus Workspan Daily Plus+ article on this subject: ;Emphasizing the Value of Total Rewards During Economic Uncertainty; The economic uncertainties facing workers are significant: ;43% of employees surveyed by the Society for Human Resource Management (SHRM) said inflation had an extreme or significant impact on their personal finances in 2024, and 46% were concerned about inflation’s impact on the value of their compensation.; ;WTW’s recent “Global Benefits Attitudes Survey” found one-third of polled workers are financially worse off today than they were a year ago.

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 ; Be the First to Know Get the latest news on trends and compliance regarding Total Rewards, compensation and benefits delivered straight to your inbox from WorldatWork's experienced publications team.

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To encourage more employees to share their views on compensation, employers can conduct anonymous employee surveys.

Yet, a prevalent sentiment among the employee population is 2022 wages have not kept up with inflation, thus compensation experts are anticipating a potential windfall of salary increase requests in the waning weeks of the year.

Health insurance, in particular, spiked during World War II as President Franklin Roosevelt signed an executive order that froze compensation increases nationally to prevent an inflationary spiral to lure people away from military service.

“For example, a startup organization may have limited cash but can deliver compensation value in the form of equity-based compensation such as stock options ,” Holloway said.

This year’s index found 126 companies with a senior executive — the CEO or within the first two layers reporting to the CEO — who is internally known as being a person with a disability.