To give, or not to give? Navigating the 2023 merit pay dilemma.
HiBob
JANUARY 11, 2023
Some companies made the hard decision to lay people off in the last weeks of 2022 and early 2023. On the other hand, strategic compensation incentives are crucial for retaining the key talent you’ve fought so hard to find over the last few years. percent in 2022. To put it simply: It’s complicated. percent in 2023. The reason?
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