Entering 2023, HR leaders are finding themselves battling economic uncertainty like never before. Rising inflation rates have affected every industry. As of December 13, 2022, the U.S.
Compensation
4 Signs It’s Time to Invest in Microcredentials
Many nonprofits tend to focus most of their energy on fundraising, pursuing donors, and managing volunteers. However, dedicating time and effort to prospective and current staff members is just as important to keep operations running smoothly so you can further your mission.
As your nonprofit’s human resources department might tell you, there are plenty of challenges associated with hiring, training, and retaining staff.
2023 Compensation Budgeting Forecast Part 3: Trends in Nonprofit Executive Compensation
Here at Astron, we receive many questions from our nonprofit clients regarding trends in and planning for executive compensation around this time of year.
Planning for 2023: Incentives, Bonuses, and Variable Compensation
As with our review of 2023 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold next year are challenging.
2023 Compensation Budgeting Forecast
Part 1: Base Pay Adjustments
2022 has certainly been a topsy-turvy year. Unemployment is at record lows (lowest in 50 years), but inflation has also been its highest (hovering between 8% and 9%).
Juggling the Challenges of Remote Employee Compensation
Over the last two years, employees have come to appreciate the benefits to a fully remote or hybrid work environment. These benefits include saving time commuting, more productivity, schedule flexibility, and better work / life balance.
Compensation Challenges in 2022: Brace for Turbulence
We are facing an interesting time in compensation. The events of 2020 and 2021 have left a mark on how both employers and employees view work.
Compensation Programs and the Great Resignation
As a direct result of the ongoing COVID-19 pandemic, 2022 finds us facing high inflation rates. We’ve seen prices rise 7% – in everything from cars and housing, to gas, food, and furniture.
