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When employers share more information about why employees are paid their current compensation — including information such as an organization’s gender pay gap, as well as details around salary ranges and industry salary benchmarks — it can have the power to build employee trust and retain talent.; Pay transparency is becoming increasingly important for today’s employees and job candidates.

Given the uncertain economic environment, however, and — depending on the industry or specific company — 2023 salary budgeting , organizations are faced with a predicament when it comes to these end-of-year conversations and decisions with employees seeking raises.

Here’s a quick pro tip: Be clear about which talent market you’re benchmarking to — industry, geography and job scope all matter. 2.

INDIA Historic Labor Code Revision Ushers in Vast Change Employers are in the midst of evaluating the widespread impact of India’s recently announced labor law overhaul , which consolidates 29 separate labor laws into four comprehensive codes covering wages, industrial relations, social security and workplace safety.

Among industry sectors in January: ;Healthcare added 44,000 jobs, with gains in hospitals (+14,000), nursing and residential care facilities (+13,000), and home healthcare services (+11,000).

Delivering a Competitive Advantage Some industries are seeing increased competition from businesses that are private equity (PE) owned and those PE-backed businesses often have pay models that significantly differ from publicly traded entities.

.; Responses varied across industries.

Brett works with public and private companies across many industries, including financial and diversified services, technology, and manufacturing.

Her insights on pay equity have been featured in major media outlets, and she is a respected speaker at industry events.

Application Is Likely Impacted by Industry Obviously, chronowork isn’t applicable to every role in every industry.