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To give, or not to give? Navigating the 2023 merit pay dilemma.

HiBob

As inflation continues to rise (albeit a little more slowly this month than the last few), and as a global recession lurks just over the horizon, people and companies everywhere are feeling the pressure. Some companies made the hard decision to lay people off in the last weeks of 2022 and early 2023. To put it simply: It’s complicated.

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Is Your Company Following its Compensation Philosophy?

Workday

Does your company do a good job of following and communicating its philosophy around compensation? A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. Market conditions. Market comparison.

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18 Benefits of HR Analytics For Your Business [With Examples]

Analytics in HR

One example of this is when PNC bank’s HR team used HR analytics to better understand the risk of their incentive plans. Rolls-Royce enlisted the help of Aon to reduce their drop-out rate by implementing a shorter and more engaging assessment that identified the candidates with the most talent and potential.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more. Identify the specific features and benefits that align with your company culture and workforce demographics. 5 Source Clientele PayPal, Moody's, J.P.