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“With The Great Resignation, more organizations are needing to compete nationally for talent for certain jobs, so it makes sense to use the national average approach.”

“We certainly don’t expect it to resemble past recessions at this point,” said Selcuk Eren, senior economist at The Conference Board. referring to the Great Recession of 2008-10 and the dot com bubble in the early 2000s.

There is a great amount of research support in the scholarly literature that reinforces this ( Adamovic 2023).

Otherwise, you risk losing out on great talent, because great talent wants to join a company and work on a team and for a leader they respect.”

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Creating a job architecture and salary ranges has always required great data, deep organizational understanding, and expertise.

Then, there are the more specific biases we have toward a particular compensation approach or choice, either because we've had great success with it in the past or just because we find it intellectually appealing.

"That is a great way to attract part-time employees who are going to be working long term."

Its owner, G/O Media, is owned by the private equity company Great Hill Partners and operates several digital media brands, including Gizmodo, Kotaku and The Onion.

The timing of the rule and its finalization will be of great interest and importance to companies as they build their compensation budgets for 2024.