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For WorldatWork Members How to Reduce Rater Bias in Performance Evaluations , Workspan Daily Plus+ article;4 Reasons Performance Ratings Aren’t Vital to the Compensation Cycle , Workspan Magazine article;Behavioral Performance Assessment: Turning the Painful into the Productive , Journal of Total Rewards article;Performance Management and Rewards , research;Performance Review Builder , tool; Managers aren’t performing when it comes to performance management — and it’s taking a toll on employees and businesses.

Also, the unemployment rate, calculated from a separate survey of households, rose from 4% to 4.1%, the highest percentage since November 2021.

Boeing Strike Ends as Machinists Approve New Contract As reported by CNN , Boeing ’ s machinists voted Nov. 4 to accept the company ’ s latest contract offer, ending a strike that began on Sept. 13.

The unemployment rate, however, did raise to 4% from 3.9%, giving some credence to the notion that February’s report could paint a more complete picture of the labor market.

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.;4% for officers and executives.; Source: WorldatWork’s “2023-24 Salary Budget Survey.”

Key Takeaways Raises of at least 4% are projected.

Access a related Workspan Daily Plus+ article on this subject: ;The Power of Play: Gamifying Employee Benefits Awareness; Other prominent research takeaways were: ;Nearly 3 in 4 participating workers would be more inclined to stay with their employer if benefits reflected their personal needs , but employers are generally not implementing the personalized programs needed for retention.; ;Workers rank work-life balance and flexibility higher than any other benefit, including salary — yet most employer programs still lead with compensation.; ;Just over 1 in 4 workers report mental health concerns, but utilization of support programs remains low — suggesting a gap in awareness, understanding or value.; As costs affiliated with total rewards (TR) rise and 72% of employers look to make changes to their benefit offerings, now is the time for HR and TR professionals to expand their field of vision since a misaligned rewards strategy is not only expensive but can lead to

In early 2023, the group 4 Day Week Global completed a six-month trial of more than 60 companies and nonprofits in the UK, reporting improved metrics relating to wellness and productivity; 91% of the participating groups polled said they will continue with the structure.