Challenges surrounding the fight against pay inequity – as well as the current, changing economy itself -have resulted in an intense war for talent.
As compensation experts, here at Astron Solutions we recognize the importance of using the Total Rewards approach to employee compensation.
There is no denying that the recent pandemic and current economic challenges have changed the work landscape. As we continue to navigate in this new stage of normalcy, an element that has taken priority for employees is proper work/life balance.
Your employees are your organization’s most valuable assets. They bring the knowledge, experience, and commitment to their roles that make it possible for your organization to accomplish its goals.
Prioritizing employee wellness has been an increasing HR trend for the last three years. Factors that have heightened this demand include the “Great Resignation”, recent cost of living increases, and an impending recession.
Nonprofits can face many compensation-related challenges. For instance, you might be struggling to attract and retain top talent for your organization.
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.
Designing and implementing a compensation strategy that is fair and motivating is a tricky but critical part of every organization’s HR operations.
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.