Compensation & Benefits
Get the latest news and trends in total rewards, along with best practices for employers.
The monthly median amount that employees will spend on benefits in 2024—excluding retirement savings—is down from the previous two years, data finds. That reveals a troubling trend ahead of open enrollment, experts said.
Payscale’s new Salary Budget Survey found that U.S. employers are planning for 3.5% pay raises on average next year—a dip from the past couple of years—due to a cooling labor market.
Frontier Co-op’s vice president of HR discusses how the food company’s onsite child care center began, how it impacts attraction and retention efforts, and how employers should think about adding benefits to support working parents.
U.S. employees are still worried about inflation and market volatility, but anxiety around saving for their post-work years may be easing. A survey of 401(k) savers from Charles Schwab found that a higher percentage of workers than last year think they are very likely to achieve their retirement savings goals.
Following the illness and isolation of the COVID-19 pandemic, members of Generation Z want in-person training from employers and value health benefits over flexible work schedules and work/life balance, new survey says.
In 2023, 62% of workers with paid time off did not use all of their vacation time, letting a third of it go to waste, according to a new report from fintech company Sorbet. That figure is climbing at an alarming rate, the report found, just shy of doubling from four years ago.
With a growing number of planning, benchmarking, and pay equity tools on the market—many of which incorporate varying forms of AI—HR buyers need a good strategy to separate the pretenders from the contenders.
Member Resources
Learn how to create compensation grades and salary ranges that control pay expenses, ensure pay equity among employees and align with your organization's compensation philosophy.
Learn how to calculate full-time equivalent (FTE) hours for employees and understand the calculation involved.
Discover whether employers can legally restrict PTO and when employees can use it. Ensure your company's policy is consistent and fair with our helpful guide.
An overview of the topic of employer-provided benefits.