As with our review of 2023 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold next year are challenging.
Compensation
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.
Compensation Consulting: The Ultimate Guide (+ Top Firms!)
Employee Compensation 101: What Your Org Needs to Know
Executive Compensation: Taking Charge of Your Organization’s Approach
Picture this: It’s a typical in-office day for your hybrid team, and as you walk into the break room to refill your coffee, you notice a group of employees gathered together and talking over a news article in the local paper.
10 Things to “Get Right” with Incentive Pay Plans
What elements do employers need to consider when creating incentive pay plans? Our partners at Terkel asked HR/recruiting professionals and business leaders their insights on developing incentive pay plans.
2022 Compensation Budgeting Forecast Part 3: What’s Hot in Nonprofit Executive Compensation
Last year, when preparing for 2021 and what we assumed would be a post-Covid 19 world, this article focused on the fact that most nonprofit organizations had frozen executive base pay levels and were focusing on long-term incentives.