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That total was above the 244,000 new applications that analysts had forecasted.

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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: ;Finance and Budgeting; ;Sales Compensation; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

There has been an increased interest in using benefits more strategically (see a special issue of The Journal of Total Rewards ( WorldatWork 2021).

Personalized total rewards offerings that take into account the different priorities of various generations can help employers better support workers.

The report found the percentage of companies delivering more than 50% of directors’ total pay in equity continues to rise.

For WorldatWork Members ;Teaching Employees About Pay Helps Avoid Transparency Problems , Journal of Total Rewards article; ;Organizations Slow to Enact Pay Transparency , Journal of Total Rewards article; ;5 Things TR Pros Can Do to Mitigate Pay Transparency Risks , Workspan Daily Plus+ article; ;2024-2025 Salary Budget Survey , research; For Everyone ;Pay Transparency Is a Global Phenomenon (and Concern) , Workspan Daily article; ;TR Trending: Pay Transparency Bills Proposed in 8 States , Workspan Daily article; ;The Pay Transparency Playbook: Manager Education, Employee Engagement and Proven Practices , on-demand webinar; Even though pay transparency is becoming a requirement for organizations around the world, only 19% of U.S. companies actually have a pay transparency strategy in place, according to Mercer’s latest Global Pay Transparency Report.

The factors are to be considered in their totality, reflecting the “economic realities” test developed by the courts.

WorldatWork, the Total Rewards association, is the leading provider of comprehensive compensation data and insights.