The COVID-19 pandemic has forced many organizations to reconsider their employee compensation strategies. For some, the shallow talent pool, aggressive pay structures and frequent merit increases of the recent past have given way to furloughs, layoffs, pay cuts, salary freezes and an overall reduction in compensation budgets. For others, the pandemic has meant rapid growth and increased competition for sought-after skills that are suddenly more mobile than ever. While talent risk has always been a concern, the pandemic has elevated it to number one on their list of threats to long-term growth.
Download the eBook and learn key strategies to ensure your employee compensation plans continue to support your organizational goals as talent acquisition and retention challenges grow.