In this episode, JoDee and Susan discuss strategies for compensation in a rapidly rising inflation rate environment with compensation expert Megan Nail.
Topics include:
- How inflation and compensation increases are related
- How to address employee concerns when their “real wages” are decreasing
- How the compensation market rate for certain jobs tends to vary in a high inflation environment
- Practical tips for compensation planning
- Ways to communicate compensation with employees, especially in these challenging times
- One small step Megan took during her career that boosted her joy at work