Compensation and Benefits in 2024
By Katie Keating & Kyle Lamport
A new year is upon us, and you may be wondering what is in store for the compensation and benefits world. What trends and circumstances are shaping the industry in 2024 and how can you be prepared?
In this month’s edition of Compensation Insights, we take a look at emerging trends and the various factors impacting total rewards decisions. Economic conditions, increased regulations and rapid changes in technology are just some of the key elements reshaping conventional approaches.
We hope you find the information helpful as you plan your compensation and benefits strategy this year. As always, don’t hesitate to reach out to NFPCC for expert guidance in any aspect of your compensation planning.
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.
7 Trends to Watch in Benefits and Compensation in 2024
Amid record salary hikes, the explosion of GLP-1 drugs and the end of pandemic emergencies, 2023 was a big year in total rewards. But don’t expect things to slow down in the benefits and compensation world in 2024, industry experts said.
Workplace Benefit Trends By Generation In 2024
Workplace benefits in 2024 are more than just perks on paper. They represent the aspirations, challenges and lived experiences of different generations. And while HR software continues to refine and optimize organizational processes…