TITLE

Sour economy presents compensation challenges

AUTHOR(S)
KOVAC, JASON C.
PUB. DATE
July 2008
SOURCE
Employee Benefit News;Jul2008, Vol. 22 Issue 9, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers insights for employers on dealing with the compensation challenges brought by the economic downturn in the U.S. in 2008. It notes the need to conduct a thorough skills analysis to prevent key talent from moving to positions with other companies for more pay. For an effective merit pay system, managers need to be able to differentiate performance, and the organization needs to be able to pay for those differences. It predicts that more organizations will rely on performance differentiation and merit pay to attract and retain key talent.
ACCESSION #
35425295

 

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