The pressures of the labor market, inflation and uncertainties continue to weigh-in for employers as they head into 2024 with their plans for pay increases, said Alicia Scott-Wears, a compensation content director at WorldatWork.
Stay ahead in your compensation strategy. The WorldatWork article, Inflation, Labor Market Drive Merit Pay Increases for 2024, highlights emerging trends and how employers are using compensation to stay competitive despite economic uncertainties.