The Top Six Employee Compensation Questions in a Downturn

Multinational companies navigating a global recessionary environment face many questions about their workforce planning and structure, ...

Six essential HR upskills to survive an economic downturn

The cyclical nature of recession and growth brings with it its own challenges in recruitment, redundancies and salary budget cuts. There are a number of factors ...

Executive Compensation: Six Questions That Need Answering

Agency theory, however, predicts that the employer must prevent this hedging by the employee; otherwise, hedging unravels the incentive effects of the option.

Bring Your Compensation Strategy Up-to-Date - SHRM

“From the perspective of the employee, why should they work harder? How is productivity rewarded? How do they move up the pay range? How do ...

Tips on surviving an economic downturn from a serial founder

... top talent. “Consider reviewing compensation packages every six months, or even every quarter,” Khaled says. “Don't just copy what everyone else seems to be ...

Top 4 Things Employers Can Do to Prepare for a Possible Recession

Top 4 Things Employers Can Do to Prepare for a Possible Recession – and Top 3 Things to Ease Workers' Inflationary Concerns · 1. Consider ...

How to ask for a raise in an economic downturn

Employers spend an estimated six to nine months of an employee's salary in finding and training a replacement. Share how you are an asset ...

The 25 Most Common Financial Questions Employees Are Asking

Teach employees about car loans, the best terms, and how to get the lowest interest rates. ... 10 Simple Ways Benefits Managers Can Recession- ...

Compensation Questions Your Company Needs to Ask

2. Is your business struggling to retain employees? When is the last time you benchmarked your pay with the external market? It is best to assess your ...

6 Workplace Trends Leaders Should Watch in 2024 - Gallup.com

Story Highlights · 64% said employees were given additional job responsibilities · 51% cited the restructuring of teams · 42% reported budget cuts.

Employees Are Worried About a Recession — How to Ease Their ...

Think about a temporary pause in 401(k) contributions and quarterly bonus programs to help save money. Try to keep health benefits off the table; in times of ...

Navigating Compensation in a Downturn - Aeqium

Many companies will aim to reduce cash burn in the coming quarters, and employee compensation is typically one of their most significant cash outlays. Figuring ...

Changing priorities are driving shifts in 2024 employee pay trends

Economic and financial concerns are causing organizations to revisit – and revise – their approach to their salary budget strategies.

5 Ways to Prepare for a Recession | Equifax

Manage your account, pay an invoice, review frequently asked questions, or contact business support. ... Expanding your skill set is one of the best ways to ...

What Happens to Unemployment During a Recession? - Investopedia

However, monetary and fiscal policy that attempt to stimulate an economy during a recession may provide incentive to hire workers to try and expand business.

There Are Significant Business Costs to Replacing Employees

Separation costs such as exit interviews, severance pay, and higher unemployment taxes · The cost to temporarily cover an employee's duties such ...

Welcome to the white-collar recession - Business Insider

If you make a six ... "We're still talking about the people that have the highest pay in the job market and the lowest unemployment rate," Berger ...

Why Incentive Plans Cannot Work - Harvard Business Review

... employees by tying compensation to one index of performance or another. ... But put the question directly—“What do you care about?”—and pay typically ranks only ...

'Great Attrition' or 'Great Attraction'? The choice is yours

They want to feel a sense of shared identity. Yes, they want pay, benefits, and perks, but more than that they want to feel valued by their ...

68 Recession-proof jobs in 2024 - Multiverse

... employees a different position if their current role gets eliminated when a recession hits. Government positions may offer six-figure salaries.