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Let a single senior voice (a CHRO, CFO or CEO) own the narrative and credibly frame the macro-business context.

;Framing the conversation.

Multiple frames of reference that balance both internal with external data points will allow for a well-rounded process.

“Positions may have to be reevaluated (particularly for first-line supervisors and managers), job descriptions revised, pay practices reviewed, payroll systems adjusted and pay statements modified to reflect these changes within a very tight time frame.”

That framing is understandable.

I think they will frame it less about any pay decrease or pay cut.

“Comp leaders today are expected to help business leaders and HR partners frame problems, evaluate tradeoffs, and make decisions that balance the performance of the business, the employee experience and external pressures.”

The following cash-reward formats have been found to lead to improved well-being, stronger commitment and a greater intention to stay: ;Bonuses framed as recognition.; ;Spot bonuses with personal feedback.; ;Thank-you rewards.; ;Pay increases framed as reflecting growth in skills.; ;Profit sharing fostering shared purpose.; On the other hand, poor communications can lead to lower engagement and retention ( Thibault Landry et al. 2017).