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.’”
Navigate the complexities of compensation with our comprehensive guides and articles.
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.’”
Why yesterday’s total rewards need to evolve to fit today’s labor market volatility and the changing rules of compensation.
TOGETHER WITH LHHWith inflation outpacing wages, workers may start to look for better-paying opportunities elsewhere.
One month after the EU Pay Transparency Directive still went into effect, HR leaders were still figuring out how to comply.
A majority of HR leaders said their organizations were more tightly managing base salary growth through strategies such as pay differentiation.
Samsung will earmark 10.5% of the operating profits from its semiconductor unit for worker bonuses after employees threatened to strike.
Starting June 7, EU employers will have to share salary ranges and field queries from workers about their pay, with first reports due next year.
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