Top Challenges for the Engineering and Science Industry
The pandemic and post-pandemic economy has created increased demand in the science and engineering industry. Compelling salary offers and total rewards packages are essential to attract talent in a competitive job market.
In a hot job market, you have to think about pay equity. The talent you are most anxious to keep is also the talent you are most likely to lose if your employees' pay doesn't keep pace with their peers.
The science and engineering industry is investing in more technology and seeing emerging demand for hard-to-price analytical jobs as a result, with the need for unique market data insights to compensate hot skills.
Following the pandemic, employees want to be able to work from home at least some of the time. Businesses are now having to consider location-based pay strategies that can accommodate remote work.
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