Best Practices

Salary Increase Budgets are Low and Going Even Lower

By Best Practices, Compensation, Finance, Human Resources, Recruiting No Comments

Salary increase budgets and are near to historical lows, and are likely going even lower, due to the weak economic “recovery.”  Growth in 2010 has been so tepid that unemployment has barely budged and employers have started to cut back their budget plans for 2011 (and even for 2010, if they haven’t fully implemented them yet).

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The Changing Landscape of Rewards

By Best Practices, Human Resources, Leadership, Misc, Recruiting No Comments

The past two years has seen the quickest and most dramatic shifts in compensation (aka “rewards”) plans practices ever.  In the past two years, we’ve witnessed “the sky is falling” near-collapse of 2008, the “big one” recession of 2008 – 2009 (and 2011?), and the end to entitlement compensation as we knew it (in 2009, when well over 50% of companies reduced and/or eliminated their salary increase budgets for the year).

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