leadership matters
Counting on
Compensation
Trends By Karen Stone, CHRE
The human resources area of compensation practice is a
vastly different place than it was just two decades ago. The
emergence of new thinking has led us to create many new
best practices that have resulted in more transparency and
equitable pay practices in many businesses today.
We have also seen some new challenges emerge. Since the 2008
recession, many organizations have been tightening their com-pensation
practices when it comes to salary increases, bonuses,
benefits and other elements of the total rewards package. Annual
salary forecasts have been, by most estimations, fairly modest.
Peshkova / Shutterstock.com
AS WE KNOW, TODAY
IT ISN’T ONLY ABOUT
THE AMOUNT OF
COMPENSATION ONE
EARNS THAT CREATES
SATISFACTION AND
ENGAGEMENT.
HRPROFESSIONALNOW.CA ❚ FEBRUARY 2018 ❚ 5
/HRPROFESSIONALNOW.CA