The L-Blast | December 2021
Compensation Strategies & Trends for 2022The end of the year is upon us and planning for 2022 is underway. How can organizations navigate the unprecedented workforce challenges we are seeing? Tight labor markets, inflation, covid concerns, and various compensation issues are putting more strain on companies. Attracting, motivating and retaining top talent has always been a key factor, but now more than ever, it’s critical to recalibrate and implement forward-thinking strategies to ensure business continuity and growth. In this last L-Blast of 2021, we share some of those emerging trends and strategies organizations can adopt for 2022. We hope the information shared here is helpful for your teams during these tumultuous times. We hope all of you have been enjoying the holiday season and wish everyone a safe and happy new year! As always, let us know if you have any questions regarding the topics shared in this L-Blast, or if you need help developing new compensation strategies to enhance your recruiting and retention efforts.
Companies preparing compensation strategies for 2022 can expect similar conditions to what we have seen in 2021. The ever-changing environment along with sporadic regulatory requirements from COVID protocols are forcing companies to be more adaptable.READ MORE
Going into 2022, workers’ pay is all about supply and demand—and inflation. With more job openings than people looking for work and inflation at the highest level in three decades, topping 6 percent year-over-year in October, employers face pressure to increase salaries and hourly wages.READ MORE
Longnecker & Associates is Rebranding as NFP Compensation Consulting
Our transition is underway, including a new website. We will communicate further details as they become available. Thank you for your patience and support during this time.