Pay increase budgets at U.S. employers have improved slightly up to 3.0 percent in 2014 from 2.9 percent in 2013 according to the 41st annual "WorldatWork 2014-2015 Salary Budget Survey." Forecasts show that the average raise in base pay for 2015 in the United States is projected to be 3.1 percent.
India, China and Brazil averaged the highest 2014 total salary budget increases at 10.5 percent, 8.2 percent and 7.2 percent, respectively (medians: 11.0 percent, 8.3 percent and 7.3 percent), according to preliminary data released from the "WorldatWork 2014-2015 Salary Budget Survey," now in its 41st year.
WorldatWork recognizes retirement planning as a key component of an organization's overall benefits strategy. Crafting a holistic financial plan for retirement can restore confidence and build savings for one's post-working years. To help spread this message, WorldatWork is supporting National Retirement Planning Week 2014 from April 7 – 11, a national effort to help consumers focus on financial needs in retirement.
Work-life experts and thought leaders from a diverse group of organizations will gather at WorldatWork's Alliance for Work-Life Progress (AWLP) 2014 Work-Life Forum March 19-21 at the Embassy Suites in downtown Baltimore.
Research released today by WorldatWork, in conjunction with both Deloitte Consulting and Vivient Consulting, shows that a vast majority of organizations use and rely on incentive-based pay practices to compete for top talent, as well as to motivate and reward employees.
The recent snow storm that shut down much of the northeast is a timely reminder of how much telework helps companies, the federal government and our economy remain productive by keeping employees connected to their workplaces when they are unable to commute to an office. This is one of the many reasons WorldatWork is proud to support National Telework Week 2014 March 3-7, sponsored by Mobile Work Exchange.
66 Organizations Recognized for Work-Life Effectiveness
WorldatWork's Alliance for Work-Life Progress (AWLP) is proud to announce that 66 organizations have earned the Work-Life Seal of Distinction for 2014. The seal is a unique mark of excellence designed to identify organizational success in work-life effectiveness. The winners will be honored March 20 at the Work-Life Gala Awards Dinner at the AWLP Work-Life Forum in Baltimore.
WorldatWork's Alliance for Work-Life Progress (AWLP) is proud to announce Jessica Lee of Discovery Communications and Gail Henderson of John Deere & Co. have been selected as the recipients of the 2014 AWLP
WorldatWork, a nonprofit global human resources association, submitted formal comments to the Securities and Exchange Commission on the agency's proposed regulations implementing the CEO pay-ratio requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank).
WorldatWork, a global human resources association, announced the launch of the WorldatWork Compensation Institute, a professional development framework comprised of training and new certifications that will prepare compensation professionals for more senior-level management roles.
Michael C. MacDonald, Chairman and CEO of Medifast Inc., will be the keynote speaker at the 2013 Spotlight on Sales Compensation hosted by WorldatWork. Now in its fourth year, the two-day event will be held Sept. 9-11 at the Westin Chicago River North.
Leaders from ARM Holdings, Turning Point and WorldPay are just a few of the speakers confirmed for "Future Reward: Strategies for a Hyper-Competitive World," a special summit hosted by WorldatWork, The University of Cambridge and e-reward.co.uk.
"This program will give participants the kind of insights, experience and knowledge that would take three to five years of on-the-job training," said Brit Wittman, CCP, CECP, director of executive compensation and corporate compensation design at Intel Corp. "And they get it all in a five-week program."
One size does not fit all when it comes to global rewards programs. Local regulations, customs, and expectations vary greatly across global regions even for the same company. Finding the right balance between global and local programs is often challenging for global rewards professionals.
WorldatWork has begun rolling out a series of courses to help human resources, compensation, sales, marketing and finance professionals with sales compensation analysis. Led by Dianne Auld, four practical application courses are offered under “Sales Dashboards: Using Excel for Sales Compensation Analysis.” The first two courses are now available online (as of May 1).
While many compensation professionals use point solutions and enterprise systems (e.g., Oracle, PeopleSoft, SAP), by far the most popular tool for salary structure design (89%) is spreadsheet applications, according to a 2012 WorldatWork/Deloitte Consulting study.
With today’s heightened focus on workforce analytics, compensation professionals need more tools for analysis and decision making. The solution: Excel dashboard functionality, which allows the presentation of high levels of compensation information in an interactive, consolidated view.
WorldatWork President and CEO and Executive Director of the Alliance for Work-Life Progress (AWLP) Anne Ruddy issued the following statement on the White House Summit on Working Families. Ruddy is attending the Summit representing WorldatWork and AWLP:
Cara Woodson Welch, WorldatWork vice president, public policy, news & publications, issued the following statement urging senators to vote against the Paycheck Fairness Act (S. 2199, originally introduced as S. 84) as currently drafted....
Cara Woodson Welch, Vice President, Public Policy, News & Publications at WorldatWork, a global human resources association, issued the following statement in reaction to the U.S. Securities and Exchange Commission vote today advancing the CEO pay ratio regulations stemming from the Dodd-Frank Act:
WorldatWork, a nonprofit human resources association, submitted a comment letter today to the Employee Benefits Security Administration's Office of Regulations and Interpretations at the U.S. Department of Labor (DOL) on proposed regulations governing pension benefits statements.
WorldatWork, a nonprofit human resources association, submitted a comment letter today to the IRS on the agency’s proposed regulations dealing with the minimum value and affordability of health plans under the Patient Protection and Affordable Care Act of 2010 (PPACA).
Cara Woodson Welch, vice president of public policy, news & publications at WorldatWork, a nonprofit human resources association, issued the following statement in reaction to the Obama administration’s announcement that it will delay enforcement of the employer mandate provision of the Patient Protection and Affordable Care Act until 2015:
Cara Woodson Welch, Vice President, Public Policy, News & Publications at WorldatWork, a global human resources association, issued the following statement on the U.S. House Committee on Financial Services bipartisan vote passing H.R. 1135, the Burdensome Data Collection Relief Act:
Final Rules Reflect Concerns Raised by WorldatWork, Leave Some Questions Unanswered
Today the Obama administration issued final rules that will govern employment-based wellness plans. WorldatWork, a nonprofit global HR association, is pleased the final rules seek to ensure employers retain flexibility in designing wellness programs.
Cara Woodson Welch, Vice President of Policy and Public Affairs at WorldatWork, a global human resources association, issued the following statement on the U.S. House vote passing H.R. 1406, the Working Families Flexibility Act of 2013:
Cara Woodson Welch, Vice President of Policy and Public Affairs at WorldatWork, a global human resources association, issued the following statement on the U.S. Senate Committee on Health, Education, Labor and Pension’s hearing entitled, Can We Do More To Keep Savings in the Retirement System:
WorldatWork submitted a comment letter today to the IRS Department of Health and Human Services on the agency's proposed regulations to govern employers shared responsibility or pay or play provisions of the Patient Protection and Affordable Care Act (PPACA).
401(k) plans remain a stable, trusted means for retirement planning and valuable recruitment and retention tool for employers
Even through volatile economic conditions, employers have demonstrated an unwavering commitment to the 401(k) system according to a study released today by WorldatWork, a global HR association, in partnership with the American Benefits Institute.
In a media briefing conference call on Wednesday, March 13, at 10:30 a.m. Eastern Time, the American Benefits Council and WorldatWork will unveil the 2013 Trends in 401(k) Plans and Retirement Rewards study, based on the results of a recent survey of large employer plan sponsors.
Tomorrow Jim Stoeckmann, CCP, CSCP, senior practice leader at WorldatWork, a global nonprofit human resources association, will speak at the United Nations International Civil Service Commission Retreat on compensation trends and best practices for international organizations.
In conjunction with the 20th anniversary of the Family and Medical Leave Act, the U.S. Department of Labor’s Wage and Hour Division published a highly anticipated final rule today implementing new provisions that amended the FMLA to expand protections to military families and airline flight crews.
Cara Woodson Welch, vice president of public policy and public affairs, at WorldatWork, a nonprofit global human resources association, issued the following statement on the 20th Anniversary of the Family and Medical Leave Act being signed into law:
WorldatWork submitted a comment letter today to the Office of Health Plan Standards and Compliance Assistance, Employee Benefits Security Administration at the U.S. Department of Labor responding to the request for comments on Wellness Programs governed by the Patient Protection and Affordable Care Act (PPACA).
WorldatWork, a nonprofit human resource association, submitted two comment letters today to the Department of Health and Human Services Centers for Medicare and Medicaid Services on proposed regulations governing health-care provisions of the Patient Protection and Affordable Care Act (PPACA).