Join us for this engaging trivia-style webinar exclusively for CBPR fielders. Test your compensation IQ, benchmark your knowledge against national trends!

1. Compensation Best Practices
Report Secrets Revealed: Play
the Early Access Game Show

2. Today's Presenters:
Ruth Thomas
Chief Product Evangelist
Payscale
Amy Stewart
Associate Director of Content
Payscale

3. How it works

4. How it works…
• 9 interactive poll questions
• 30 seconds to select answer
• 6 prizes to give away
Winners will be contacted via
email shortly after the webinar

5. Show me the prizes

6. Let's play!

7. Poll 1: Did voluntary turnover increase, decrease, or stay the same in
2023 compared to 2022?
A. Increased
B. Decreased
C. No change

8. Voluntary turnover
25%
21%
0%
5%
10%
15%
20%
25%
30%
2022 2023
Average voluntary turnover rate 30%
23%
16%
13%
0%
5%
10%
15%
20%
25%
30%
35%
Traditional Split by job type Hybrid Remote
Voluntary employee turnover rate in 2023 by workplace
environment

9. Poll 2: Which of the following is the top-ranked challenge for
2024?
A. Recruiting
B. Retention
C. Engagement
D. Compensation

10. Top challenges and investments
15%
17%
19%
20%
23%
26%
26%
27%
29%
29%
29%
30%
32%
37%
42%
44%
50%
13%
14%
17%
17%
18%
19%
33%
27%
25%
28%
27%
24%
25%
35%
37%
35%
34%
ESG (environmental, social, and corporate governance)
Workplace policies
Workplace environment
Job description management
Employee and labor relations
Workforce planning
Learning and development
Performance management
Modernizing HR software
Fostering company culture
Benefits
Upskilling, reskilling, or managing a skills-based workforce
Career pathing
Engagement
Retention
Recruiting
Compensation
Most challenging and highest priorities for HR
What will be the greatest challenges and investment priorities in 2024 compared to previous years?
Higher-priority investment area
More challenging

11. Poll 3: What percentage of organizations are reporting they
will give pay increases in 2023?
A. 71%
B. 79%
C. 86%
D. 93%

12. Pay increases
86%
79%
11%
7%
3%
14%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Actual 2023
Planned 2024
What is the average base pay increase you gave/planned to give in 2023/2024?
Yes
No
Unsure

13. Poll 4: What will be the average base pay increase in 2024?
A. 2.5%
B. 3.0%
C. 3.5%
D. 4.0%
E. 4.5%
F. 5.0%

14. Base pay increases
5%
4%
0%
1%
2%
3%
4%
5%
6%
2023 average base pay increase 2024 planned average base pay increase
What was the average percent base pay increase
given to employees?
Average base pay increases by
industry
2024
planned
Agencies & Consultancies 5%
Arts, Entertainment, &
Recreation 6%
Construction 6%
Education 5%
Energy & Utilities 4%
Engineering & Science 4%
Finance & Insurance 5%
Food, Beverage & Hospitality 4%
Government 4%
Health Care and Social
Assistance 4%
Manufacturing 4%
Nonprofit 4%
Real Estate, Rental, & Leasing 4%
Retail & Customer Service 5%
Technology (including software) 4%
Transportation & Warehousing 4%
Other Industries 4%

16. Poll 5: What percentage of organizations are publishing pay
ranges in job ads? (hint: it was 45% last year)
A. 40%
B. 45%
C. 50%
D. 55%
E. 60%
F. 65%
G. 70%

17. Pay transparency
27%
18%
17%
10%
7%
3%
1%
4%
13%
39%
21%
11%
8%
5%
2%
1%
3%
8%
In the job posting, regardless of when it is required by law
In the job posting, but only when it is required by law
At the first live conversation (e.g., initial phone screen)
During the first full interview
When the initial verbal offer is provided
When the initial written offer is provided
At the first employee review
We don't have pay ranges
We do not share the pay range for a job with employees
When do you first share your organization's pay range for a job?
2023 2024
45%
60%

18. Poll 6: What percentage of organizations say that
employees have left their organization over published pay
ranges?
A. 6%
B. 11%
C. 14%
D. 18%
E. 22%

19. Employee reactions to pay transparency
52%
27%
14%
14%
11%
4%
We haven't heard anything from employees about pay transparency
Employees have been asking more questions about their pay
Employees have left our organization because they saw job postings with higher ranges
elsewhere
Employees have expressed appreciation for our transparent approach to pay
Employees have seen a job posting in our organization and realized they were being
paid less for a similar job
Other
What employee reactions has your organization experienced due to pay transparency legislation?
(Select all that apply )

20. Poll 7: What percentage of organizations only reactively
address severely underpaid employees?
A. 4 percent
B. 11 percent
C. 19 percent
D. 27 percent
E. 36 percent
F. 52 percent

21. 21
Approach to severely underpaid employees
64%
71% 72%
27%
22%
20%
9%
7% 8%
Overall Top performers Mature compensation
practices
Which of the following best describes how your organization addresses severely
underpaid employees?
Proactively, as part of our regular pay
processes
Reactively, if an employee or their
manager asks
Unsure
Industry Reactive
Government 39%
Retail & Customer Service 38%
Arts, Entertainment, & Recreation 36%
Food, Beverage & Hospitality 32%
Health Care and Social Assistance 32%
Education 31%
Real Estate, Rental, & Leasing 29%
Other Industries 29%
Transportation & Warehousing 29%
Engineering & Science 24%
Manufacturing 23%
Finance & Insurance 23%
Agencies & Consultancies 23%
Construction 22%
Energy & Utilities 21%
Technology (including software) 21%
Nonprofit 19%

22. Poll 8: What percentage of organizations train managers on
pay communications?
A. 39%
B. 44%
C. 49%
D. 51%
E. 55%
F. 61%

23. Training managers on pay communications
51%
39%
10%
0%
10%
20%
30%
40%
50%
60%
Does your organization train managers on how to have pay
conversations with employees?
Yes No Unsure
38%
50%
57%
60%
65%
71%
1-99 employees
100-749 employees
750-4,999 employees
5,000-9,999 employees
10,000-49,999 employees
50,000 or more employees
“Yes” by organization size

24. Poll 9: What percentage of organizations are optimistic
about the use of AI?
A. 31%
B. 39%
C. 41%
D. 49%
E. 51%
F. 59%
G. 61%
H. 69%

25. Artificial intelligence
17%
49%
34%
What best describes your personal sentiment
around AI generally?
Pessimistic
Optimistic
Unsure
50%
31%
12%
7%
Undecided; we're still gathering
information about AI and its use in
compensation management
Cautiously optimistic; we have
rules/guardrails in place for using AI for
pay decisions
Against it; we prohibit employees from
using AI for compensation-related tasks
Totally on board; we encourage reliance
on AI to get pay right
What is your organization's overall sentiment around
using AI in making compensation decisions?

26. How did you do?

27. Show me the prizes

28. • The full Compensation Best
Practices Report is scheduled to
launch on Wednesday, March 13th
• Join an exciting panel discussion on
the report findings on Thursday,
March 14th
What’s Next…
March!