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You’ve designed a rewards program to help you find and keep top talent—but is it doing its job? Is your reward strategy keeping pace with market?

Korn Ferry's 9th Global Pulse Rewards Survey is a vital read for anyone in charge of creating and updating the total rewards packages for their organization. Find out how companies are planning to adapt their strategy and get up-to-date salary forecasts for 2024.

Nearly 4,000 people from 124 countries responded to the survey we ran in October 2023, and the insights they shared can help you understand if your strategy is set at the right level to provide the best results for your organization.

 

Key highlights from the October 2023 survey:

  • The biggest changes in reward program designs are in job grading, reward communications and benefits and well-being.
  • Many respondents felt their existing rewards programs weren’t engaging and motivating employees as much as they’d like.
  • In most countries, there are lower median planned increases in 2024 compared to 2023.

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