HR can reward ‘scarce skills’ in light of moderate raise budgets
Moderate budget increases “really [reinforce] the importance of your comp strategy,” a leader with Marsh says. “This cannot be, ‘put it on autopilot, let it run.’”
Deepen your understanding of base pay and its impact on employee experience and retention.
Moderate budget increases “really [reinforce] the importance of your comp strategy,” a leader with Marsh says. “This cannot be, ‘put it on autopilot, let it run.’”
A majority of HR leaders said their organizations were more tightly managing base salary growth through strategies such as pay differentiation.
McDonald’s recently came out against the tipped minimum wage, which allows competitors to cut into its profits.
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