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.
Here at Astron, we receive many questions from our nonprofit clients regarding trends in and planning for executive compensation around this time of year.
As with our review of 2023 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold next year are challenging.
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%).