In today’s shifting workforce landscape, compensation strategies must evolve to keep pace with labor market trends and demographic changes. This session will explore key economic factors, such as skill and industry concentration, and how to use publicly available data to identify critical labor market patterns, including demographic shifts, migration trends and regional employment changes. Gain actionable insights into how these dynamics influence compensation and reward practices, along with strategies to align pay policies with evolving market realities. This session is essential for HR professionals seeking to understand the economic forces that shape effective reward strategies.

Key Takeaways

• Learn how to identify and interpret key labor market trends, including changes in workforce demographics, migration patterns and regional employment shifts to make informed compensation decisions.
• Discover how to leverage publicly available economic data to enhance compensation strategies, ensuring alignment with current market conditions and industry standards.
• Gain actionable strategies for adapting pay practices to reflect broader macroeconomic and microeconomic factors, helping attract and retain talent in a competitive landscape.