Challenges surrounding the fight against pay inequity – as well as the current, changing economy itself -have resulted in an intense war for talent.
The combination of a challenging economy, the ongoing war for talent, and the fight against pay inequity has made pay transparency a critical topic in Human Resources.
As compensation experts, here at Astron Solutions we recognize the importance of using the Total Rewards approach to employee compensation.
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.
Your compensation strategy affects how well your organization is able to recruit and retain top talent, but your strategy doesn’t play out in a vacuum.
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%).
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.
There are a lot of advantages to working in a family – run business. The family ties can create a strong culture of values and ethics.
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.