2025 Labor Market & Compensation: Data-Driven Insights - Paycor

Jan 24, 2025 · Implement robust training and succession planning programs to manage leadership transitions effectively. Leverage Data for Decision-Making: Data-driven insights are essential for navigating compensation and workforce planning. Platforms like LaborIQ provide …

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Paycor HCM (PYCR) Q1 2025 Earnings Call Transcript - Nasdaq

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Nov 6, 2024 · This quarter, average employees grew 5% over the prior year, largely driven by new business wins from our direct and embedded channels. Labor market growth remained …

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ERI's National Compensation Forecast - January 2025

18 hours ago

Actual compensation movement in the fourth quarter of 2024 (published January 1, 2025) saw a lower level of growth at 0.60%, which is consistent with October’s growth of 0.60%.

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FAQs about 2025 Labor Market & Compensation: Data-Driven Insights - Paycor Coupon?

How much will pay rise in 2025?

Meanwhile, merit increases are expected to rise by 3.3% in 2025, the same as in 2024. In summer 2024, compensation firm Payscale found that U.S. employers are planning for 3.5% pay raises on average this year—a dip from the past couple of years—due to a cooling labor market. ...

How will AI Impact pay in 2025?

By 2025, AI will play a critical role in analyzing market data, predicting compensation trends, and helping companies make data-driven pay decisions. AI can also identify pay gaps and provide recommendations for closing them, helping organizations stay on top of diversity, equity, and inclusion (DEI) initiatives. ...

How will the landscape of compensation change in 2025?

As we approach 2025, the landscape of compensation is set to undergo significant changes. HR leaders must stay ahead of these trends to ensure that their organizations remain competitive, compliant, and aligned with employee expectations. ...

What are the five trends in the labor market in 2025?

We have identified five trends in the labor market that we believe will shape an employer’s response for 2025: labor costs, pay transparency, the minimum salary test, AI use in hiring and retention strategy. Below, we explore what those trends are and how your company can respond to address them. 1. Cost of labor — 2025 compensation budgets ...

What is skills based pay in 2025?

In 2025, more companies will adopt skills-based pay systems that reward employees based on their expertise and the value they bring to the organization, rather than on their job title or tenure. This trend is driven by the need to attract and retain top talent in specialized fields such as technology, data science, and engineering. ...

How AI is transforming HR Operations in 2025?

2. AI-Powered Compensation Decisions Artificial intelligence (AI) is transforming HR operations, and compensation is no exception. By 2025, AI will play a critical role in analyzing market data, predicting compensation trends, and helping companies make data-driven pay decisions. ...