Compensation Strategies in a Recovering Economy
In a recovering or post-recession economy, compensation is one of the most important talent management processes companies can use to facilitate the adaptation of their workforce. In this podcast interview, Lance Berger, author of The Compensation Handbook, discusses current strategies, issues and challenges, including:
1.) Why compensation today is not "business as usual"
2.) How base pay has compared with cost of living
3.) The culture of entitlement
4.) Pay for performance
5.) The importance of communication