When inflation accelerated and competition for talent intensified, compensation teams faced mounting pressure to respond faster, adjust pay practices and make decisions that couldn't wait for the next annual planning cycle. Those challenges also created opportunities to rethink established approaches and strengthen compensation's role in business decisions.
Join Justin Sun of SoFi, David Cheatham and Jeremy Feinstein of Empsight as they combine a real-world SoFi case study with findings from Empsight's compensation surveys, Data Center Compensation Survey, and Policies, Practices and Merit Survey to examine how employers responded to changing economic and labor market conditions.
The discussion will explore how organizations addressed wage pressures affecting younger professionals, frontline and hourly employees, and hard-to-fill roles in competitive talent markets. Through survey findings and practitioner experience, the speakers will examine changes in merit budgets, salary structures, market adjustments, retention awards, premium pay and the frequency of compensation reviews. They'll also look at the fast-growing data center market as an example of how employers are responding to particularly challenging talent demands.
As inflation moderates and market conditions evolve, which changes should organizations maintain, and which were temporary responses to unusual circumstances? Leave with research-backed insights and practical considerations for evaluating your compensation practices, responding to hard-to-fill talent needs and preparing for future market shifts.