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ASTRONOLOGY®

Budget Planning

AnythingResearch Paper Market Forecast Graph

2023 Compensation Budgeting Forecast
Part 1: Base Pay Adjustments

August 23, 2022 by Cassandra Carver Leave a Comment

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%).

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Filed Under: Budget Planning, Compensation Tagged With: 2023 Base Compensation, 2023 Compensation, Base Pay, Compensation, Compensation Projection, HR, HR Compensation, Human Resources

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Compensation Programs and the Great Resignation

February 8, 2022 by Cassandra Carver 1 Comment

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.

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Filed Under: Budget Planning, Compensation Tagged With: 2022 Bonuses, 2022 Compensation, 2022 Compensation Trends, Compensation, COVID-19, HR Compensation, Human Resources, The Great Resignation

Decorative Image: Photo of a calculator and money

Planning for 2022: Incentives, Bonuses, and Variable Compensation

September 28, 2021 by Cassandra Carver Leave a Comment

As with our review of 2022 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold are challenging.

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Filed Under: Budget Planning, Compensation, Incentive Pay Plans, Uncategorized Tagged With: 2022 Bonuses, 2022 Compensation Trends, 2022 Incentive Compensation, Compensation, Employee Retention, HR, HR Compensation, HR Strategy, Human Resources

Chart of Total Rewards Issues for 2021- 2022

Gazing Into the Crystal Ball: 2022 Salary Budget Predictions

September 14, 2021 by Cassandra Carver Leave a Comment

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.

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Filed Under: Budget Planning, Compensation, HR Strategy Tagged With: 2021 Compensation, 2022 Compensation, 2022 Compensation Trends, Compensation, HR, HR Compensation, Human Resources

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2021 Compensation Budgeting Forecast Part 3: Trends in Nonprofit Executive Compensation

September 29, 2020 by Cassandra Carver Leave a Comment

As we plan for 2021, we need to consider COVID-19’s impact on 2020 compensation decisions for nonprofit executives. For the most part, nonprofit executive compensation came to a halt.

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Filed Under: Budget Planning, Compensation, HR Strategy, Uncategorized Tagged With: Compensation, Compensation budget planning, Compensation Budgeting 2021, Executive Compensation, Executive Pay, Non Profit Compensation, Non-Profit Compensation, Non-Profit Executive Compensation, Nonprofit Compensation

Header Photo of Mike's Yearly Comp Review

2021 Compensation Budgeting Forecast Part 2: Incentives, Bonuses, and Variable Compensation

September 15, 2020 by Cassandra Carver Leave a Comment

2021 has been a year of uncertainty, especially in terms of compensation increase budgeting. As a result, organizations around the country are reexamining their variable compensation strategies and the impact on employee engagement & recognition.

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Filed Under: Budget Planning, Compensation, Uncategorized Tagged With: 2021 Bonuses, Compensation Budgeting 2021, Compensation Incentives, Incentives, Incentives 2021, Variable Compensation, Variable Compensation 2021

Header Photo of Mike's Yearly Comp Review

Looking to the Future: 2021 Compensation Budgeting Forecast Part 1: Base Pay Adjustments

September 1, 2020 by Cassandra Carver Leave a Comment

There is no doubt that 2020 has been a year for the record books. When it comes to forecasting compensation trends for 2020 and 2021, there have been challenges.

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Filed Under: Budget Planning, Compensation Tagged With: Compensation, Compensation budget planning, Compensation Budgeting 2021, Compensation Forecast, Post COVID Compensation

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