Compensation Trends for Talent Leaders
As a talent leader, you are facing a rapidly changing landscape in the world of compensation. The job market is shifting, economic instability is on the rise, and new pay transparency legislation is changing the way organizations approach compensation discussions with candidates.
In this insightful article, we explore four emerging trends in the world of compensation that you need to know about in 2023. From the rise of pay transparency and the role of talent teams in shaping compensation strategies, to the importance of benefits, equity, and perks in attracting top talent, this article will give you a 360-degree view of the trends shaping the future of compensation.
Here's a sneak peek of what you can expect:
- Pay transparency is changing the way we talk about compensation. With new legislation requiring companies to disclose salary ranges on job postings, talent teams must be prepared to have more nuanced compensation conversations with candidates.
- Talent teams are playing a bigger role in helping HR make better compensation decisions. By gathering salary expectations from candidates, talent leaders can provide valuable insights that help organizations stay competitive in a rapidly changing job market.
- Benefits, equity, and perks are becoming crucial differentiators at the offer stage. Talent leaders must be skilled at selling the story of their organization's unique benefits to attract top talent.
- Non-negotiable job offers are becoming more common. This trend towards internal equity and pay fairness can be challenging for talent leaders to navigate, but is powerful for ensuring pay transparency and equity in the workplace.
Read the full article "4 Emerging Compensation Trends Talent Leaders Can’t Afford To Ignore" on HR.com.