In 2024, the landscape of compensation and benefits is poised to undergo significant changes, driven by evolving workforce dynamics, economic conditions, regulatory factors and technology. Employers are expected to continue seeking innovative ways to attract and retain top talent in an increasingly competitive job market. Emerging Trends While most US-based company CEOs were expecting some form of a recession this...
All Posts By Katie Keating
What the Data Reveals We are well into the middle of the year and most companies have made it through the daunting period of performance reviews and annual raises. So how have increases played out so far? Mercer’s recent survey revealed that 2023 annual merit increases averaged 3.8 percent, while total compensation - which includes base salary, incentive pay, and...