Comp Conversations: Navigating Compensation in Uncertain Times

How to stay competitive during an economic downturn

Addressing questions from her last webinar, Managing Comp During a Recession, Salary.com's VP of Compensation Consulting Mara Marino opens by outlining some of her tips and best practices for maintaining a competitive edge in an economy that proves unpredictable and breeds uncertainty in employees. She discusses how to:

• Build a strategy that maximizes your merit and salary budgets.
• Approach leadership on needed salary adjustments.
• Respond to employees asking for higher wages.
• Communicating merit increases due to budget constraints.

Mara details one of the most critical aspects of compensation management - how to approach leadership for a needed compensation review. She details four key points that she believes will lead to productive interactions between HR managers and the executive leadership team.

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