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
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!)
When it comes to employee compensation, there are rarely any easy answers. This is true for organizations of all shapes and sizes—whether you’re scaling up your operations and experiencing employee retention issues or simply auditing and re-evaluating what you offer your employees.
Employee Compensation 101: What Your Org Needs to Know
As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget.
Executive Compensation: Taking Charge of Your Org’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.
Planning for 2022: Incentives, Bonuses, and Variable Compensation
As with our review of 2022 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold are challenging.
Gazing Into the Crystal Ball: 2022 Salary Budget Predictions
Current Economic Climate and Impact on 2022
2021 has been a year of surprises in administering employee compensation programs. Among the changes and challenges in 2021 are the following:
These factors have led many to rethink past and current compensation strategies as we move into 2022. According to SHRM, when planning for 2022:
Consider the future of the organization.