Compensation Management in the Recovering Economy

Adopt compensation practices that will improve retention, productivity and growth during the economic recovery. Many businesses took extraordinary measures to ensure their survival during the recession. Now, there may end up being unintended consequences as the economy pulls out of its tailspin, including losses in the area of growth and productivity, and a difficult time retaining valuable employees. As a result, it is now imperative for organizations to adopt compensation practices that will improve all three of these trouble spots. Among those practices: