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It’s a complicated time for HR professionals when it comes to employee compensation and retention strategies. On the one hand, the labor market remains tight, despite some high-profile tech layoffs, and inflation is contributing to expectations for record salary increases heading into 2023. On the other hand, lingering recession fears have caused many employers to worry about the ability to commit to greater pay increases as they look ahead to an uncertain economic climate.
Employers will need to carefully thread the compensation strategy needle if they hope to both mitigate their exposure to a sudden economic downturn and
