Sessions
Concurrent Session
Pay Trends with Transparency, Engagement and Performance Management
Tuesday 06/30/2020 03:45 PM - 05:00 PM
Competencies: Business Acumen, HR Expertise, Leadership & Navigation
Workplace Application:
Today’s historically challenging labor market means bringing every possible weapon to bear on talent acquisition and retention.
In today’s tight labor market, winning against competitors requires the best talent pool. Today's workforce is multi-dimensional and has a complex set of expectations and demands, which means there are many factors to consider if you truly intend to be prepared to win. Unlike in the past where one size fit all, in today's economy companies are struggling with very different pay needs based on these different factors. Employers raise wages during labor shortages; when will this war for talent end? This makes for an interesting challenge for compensation and payroll experts. This session leverages ADP's Research Institute's latest research.
Learning Objectives:
- Understand the latest pay trends.
- Learn how companies are adjusting their pay practices to better align with employee expectations of transparency, pay engagement and performance management trends.
