Labor Market, Retention, and Comp Plan Impacts

SVDX recently held an Xchange session with Mike Esser and Monal Patel from Pearl Meyer around the current labor market and how talent retention and other factors are impacting compensation plans. The conversation touched upon pay inflation and other implications stemming from the Great Resignation, to include discussion around factors such as COVID-19, the stock market fluctuation, supply chain, hiring trends, and work from home expectations.

For additional resources on the topic, Pearl Meyer released a report on 2022 Implemented Base Salary Increases, to include the following findings:

Pearl Meyer Data Show More Companies Than Expected Have Increased 2022 Salaries