Comp Conversations: Managing Compensation During A Recession

What does a recession mean for the HR industry?

This webcast, hosted by Mara Marino, VP of Compensation Consulting at Salary.com, answers questions about managing compensation during a recession. In short, a recession means financial limitations, expensive adjustments, and potential layoffs and hiring freezes. But, with change comes room for improvement as well! By upskilling and reskilling, you can maintain productivity with fewer employees. And with financial limitations, now is a great time to be transparent with your employees about their fears and the state of the company.

Key Takeaways

• Retain employees without paying top dollar
• Become transparent about pay and employee career pathing
• Upskill and reskill current employees