Keeping you informed on current issues.
We are well into the middle of the year and most companies have made it through the daunting period of performance reviews and annual raises. So how have increases played out so far? Mercer’s recent survey revealed that 2023 annual merit increases averaged 3.8 percent, while total compensation.
The war on talent persists as organizations struggle to attract, motivate and retain their employees. The recent focus on pay transparency and equity are adding a new level of complexity to the mix
The role of the compensation committee continues to evolve and grow in complexity. Members can now expect to have more responsibilities as their roles expand into unchartered areas due to rising pressures from shareholders, proxy advisory firms and employees themselves.
Boards and management teams are facing an increasingly demanding environment when it comes to compensation-related issues. Inflation, a tight labor market and retention concerns are just the tip of the iceberg
Inflation, threats of recession, and high employee turnover are just a few of the issues Boards and management teams must contend with in 2023.