The Future of Pay

The Future of Pay:  Preparing for Tomorrow’s Compensation Conversations

Despite the fact that labor typically makes up the largest single line item in a manager’s budget, most leaders and managers are reluctant to really look at how compensation is shaping their ability to hire, engage, and retain talent. Plus, many feel uncomfortable and unprepared to even talk about compensation with their employees. But when compensation data and tools are widely available, it’s no longer excusable for leaders to say that compensation data shouldn’t be a part of their management process. With new research from Aptitude Research Partners showing that organizations that train leaders on compensation strategy and administration outperform others in key retention and engagement areas, it’s time to change the way we approach compensation conversations.