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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: ;Employee Experience; ;Employee Recognition; ;Well-Being; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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 Benefits; ;Finance and Budgeting; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Traditional benchmarking cycles often keep pace with steady shifts but struggle when demand surges which leaves total rewards leaders making difficult choices about pay placement, equity, and retention.

In the spring of 2021, U.S. respondents projected that 2022 total salary increase budgets would rise modestly from 2021’s 3% average to a 3.3% average while the median prediction (3%) showed no change from 2021’s actual median increase of 3%.

Member Tools WorldatWork Member Tools are designed to help you tackle the most critical and common Total Rewards and compensation challenges.

For total rewards (TR) professionals, there are various factors to evaluate before reducing or ending initiatives focused on equitable and diverse workplaces.

Best Practices for Supporting the Parental Leave Transition (The Journal of Total Rewards, Fourth Quarter, 2021);Strategic Benefits: How Employee Benefits Can Create a Sustainable Competitive Edge (The Journal of Total Rewards, First Quarter, 2021);Strategic Benefits to Help Survive and Thrive in COVID-19 Times (The Journal of Total Rewards, First Quarter, 2021);Leveraging Healthy Workplaces as a Strategic Benefit (The Journal of Total Rewards, First Quarter, 2021);Increasing Benefits Engagement in the New Hybrid Environment (Workspan Daily, Dec. 14, 2021); 5.

For WorldatWork Members Making Your Rewards Total Through Equity , Workspan Magazine article;How to Reduce Risk, Maintain Value of Diversity and Equity Programs , Workspan Daily Plus+ article;The Next Equity Frontier: Analytics to Ensure All Have Opportunity to Progress , Journal of Total Rewards article;The Potential Dangers of Aggregated Statistics , Journal of Total Rewards article;A Management Primer on the Basis for Pay Equity , Journal of Total Rewards article;Pay Equity Laws by State — Are You in Compliance?

For WorldatWork Members From Jobs to Skills to Outcomes: Leading the Evolution in Total Rewards , Workspan Magazine article;The Path to Promotion: Mitigating the Risks of a Skills-Based Policy , Workspan Daily Plus+ article;How to Leverage Skills Testing for Total Rewards Success , Workspan Daily Plus+ article;Skills-Based Mentoring: An Efficient Way to Build Skills , Workspan Daily Plus+ article;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+ article;Pro Tips on Utilizing Data to Spot and Close Skills Gaps , Workspan Daily Plus+ article; For Everyone Crafting and Harmonizing Workforce Skills for the New World of Work , Workspan Daily article;The Rise of Skills-Based Rewards, and What You Must Do About It , Workspan Daily article;Organizations Are on the Skills Bandwagon; How TR Can Drive It , Workspan Daily article;How Total Rewards Can Close the Work Experience/Readiness Gap , Workspan Daily article;Pay Strategies for Future

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 Benefits; ;Finance and Budgeting; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.