NFP Compensation Insights | January 2024
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Compensation and Benefits in 2024
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.
By Katie Keating & Kyle Lamport
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…
NEWS & UPDATES
2024 Midstream & Upstream Industry Compensation Surveys Open April 1st!
Keep your programs competitive by participating in NFPCC’s Midstream and Upstream Compensation Surveys. Gain access to the latest benchmarks ranging from administrative support to executives in both corporate and technical roles. Data includes incentives like philosophy and pay practices, target and actual compensation, and vehicle design and prevalence.
Don’t miss out – results will only be available to participating organizations!
Ensure Your Disclosures are Effective and Compliant
As we start preparing for proxy season, NFPCC is ready to assist you in the development and overall structure of your CD&A disclosure. Leveraging extensive experience and knowledge of real-time best practices in the evolving shareholder communication platform, our consultants will help you craft an effective message to your investor audience while fulfilling SEC requirements.
2024 US Benefits Trend Report
The NFP US Benefits Trend Report provides leaders with data-driven strategic guidance for offering competitive, cost-effective benefits tailored to the priorities of today’s diverse workforce. Based on employer data and expert insights, this year’s report covers increasing medical costs, shifts in employee needs and the economic pressures affecting everyone.
