Compensation Trends for Comp Professionals

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According to CBPR, 2022 Pay Increases Likely Won’t Be Enough to Stem Turnover

Payscale’s annual Compensation Best Practices Report is now available for download and the insights are informative and important, especially given the challenges of the current labor market and the urgency with which organizations are approaching 2022 pay increases.

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How to effectively communicate merit increases to employees

Learn how to craft standout invitation emails with essential elements and effective techniques, saving time and energy with these eight templates.

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Why is communicating pay so hard?

It’s getting to that time of year when we communicate pay outcomes to our colleagues. it’s that painful part of the cycle that comes at the end of an often-exhausting review process; managers are often unprepared or feel unequipped to have meaningful conversations and employees are sometimes left frustrated and confused. Yet this stage is a critical opportunity in the talent lifecycle to demonstrate how you value your employees. So why is it so hard to communicate pay and why do we so often get it wrong?

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The great resignation: What’s happening out there?

The great resignation, characterized by prolific job vacancies and increased employee separations, has demonstrated the growing leverage employees have to secure higher wages and better working conditions in a quickly recovering economy.

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Pay increases: Top concern to attract and retain talent

Do you know what your employees really want for the holidays? Pay increases that reflect changes in the job market and economy. As the end of the year approaches, compensation planning for pay increases is always top of mind for employers — but especially this year. Wages are looking to go up in 2022, but even if pay increases are higher than average, they still probably won’t keep up with inflation.