2024 Compensation Challenges

Department of Labor's Salary-Threshold Increase Faces New Legal ...

The Department of Labor's April 2024 rule increasing salary thresholds for white-collar overtime exemptions faces legal challenges and ...

2024 Compensation Challenges - Articles - CFMA

This article focuses on staff turnover, unemployment, and pay increases that are monitored to develop pay forecasts and provides a pay update on key positions ...

5 Key Compensation Trends for 2024 - beqom

It's not without its challenges. A recent Willis Towers Watson survey showed that 33% of companies cited their pay programs simply weren't ready ...

The 2024 Guide to Compensation Planning - PerformYard

Market benchmarking: This involves competitive analysis of compensation in similar companies and data gathering on pay rates and benefits from ...

7 Trends to Watch in Benefits and Compensation in 2024 - SHRM

7 Trends to Watch in Benefits and Compensation in 2024 · GLP-1 Drug Coverage Decisions · More Financial Health Offerings · Pay Increases Will Meet ...

Benefits and Compensation Best Practices for 2024 - HR Morning

In the 2024 Compensation Best Practices Report, Payscale asked participants to rank their companies' biggest challenges. Participants were ...

Compensation Hot Topics — Questions You Need to Ask (and ...

In a recent Compensation Best Practices Report published by Payscale, a majority of employers reported compensation as their biggest challenge – ...

2024 Compensation Best Practices Report - Payscale

While the storm of the past few years has subsided, HR leaders continue to face significant challenges when it comes to compensation management, especially in ...

How to Navigate Broad-Based Compensation in a Turbulent Economy

While 2023 had better-than-expected Gross Domestic Product (GDP) growth, forecasts for the remainder of 2024 and into 2025 suggest a potential ...

Compensation Trends 2024 – What Companies Need to Know

1. Transparency in Pay: 2024 Essential · 2. Customized Compensation: Moving Beyond One-Size-Fits-All · 3. AI and Data Analytics: Most Sought-After Compensation ...

Signaling an Employer's Market, Fewer Organizations Plan Pay ...

Employers are also generally eyeing smaller raises in 2024 than they did last year. Organizations predict an average base pay increase of 4.5 ...

2025 Compensation Trends Your Organization Should Know About

The majority of U.S. employers (66%) said 2025 salary increase budgets are expected to be the same as their 2024 salary budgets, 19% said 2025 ...

What's Happening with 2024 Employee Compensation?

... compensation plan with a particular focus on the challenges employers are facing in 2024. Our professional compensation consultants will review and make ...

Changing priorities are driving shifts in 2024 employee pay trends

In fact, the latest WTW 2024 Global Salary Budget Planning Report reveals movements in salary budgets that are driving trends in talent ...

Q4 Compensation Planning: 2025 Salary Trends - Helios HR

Approximately 15% of employers implemented salary increases in 2024 as a direct result of pay transparency. In 2025, this is expected to rise to around 18%. All ...

Current Trends in Executive Compensation Based on the 2024 ...

Current Trends in Executive Compensation Based on the 2024 Proxy Season · Actual bonus paid for 2023 at the typical company was slightly above ...

2024 Compensation Strategies to Compete for Talent

High demand for scarce talent causes upward pressure on salaries. Inflationary issues are also affecting the rise in compensation demands from candidates. Thus, ...

Opportunities and Challenges for Compensation in 2024

In this article, we'll look at five areas of opportunity and five challenging areas that merit defensiveness or caution.

8 Key Trends: Benefits and Compensation in 2024

From being open about salaries to prioritizing mental health support, both employers and employees are facing new challenges. With the rising cost of living ...

Traversing Compensation Trends in 2024 | Handler

Widespread pay raises can lead to salary compression, making it challenging to attract experienced candidates. • Focusing on pay raises may shift resources from.