1、 1Compensation Best Practices ReportData insights to cultivate a best-in-class pay strategy and prepare for future 250%25%49%21%34%27%59%of orgs say compensation is more challenging in 2024,but investment in comp has dropped.of orgs use purpose-built comp technology,which is most associated with com

2、p maturity.of participants are optimistic about AI,but only 7 percent are totally on board with using it to make pay decisions.is the reported voluntary turnover in 2023,down 4 percent from last years report.of orgs say they have removed degree requirements for salaried positions.of orgs say that mi

3、nimum wage increases have impacted their compensation strategy.of orgs have a dedicated,in-house compensation professional or team.23%4.5%27%54%62%79%of orgs use geographic differentials to manage pay for employees in distributed locations or pay zones.is the average base pay increase predicted for

4、2024,compared to 4.8 percent given in 2023.of orgs admit that they address severely underpaid employees only reactively.of orgs consider pay compression an issue,though only a quarter say it is a big concern.of all participants view unions positively compared to 38 percent of executives.of orgs plan

5、 to give pay increases in 2024,which is a drop from 86 percent in 2023.Readiness for the future Readiness for the future Readiness for the future Pay increases and fair payHot topics and trendsHot topics and trendsHot topics and trendsPay increases and fair payHot topics and trends Hot topics and tr

6、ends Hot topics and trendsPay increases and fair payPay increases and fair payKeyNumber up from 2023Number down from 2023Number up/very similar from 2023Number down/very similar from 360%14%45%82%58%83%62%of orgs are publishing pay ranges in job ads compared to 45 percent last year.of orgs say that