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Compensation management is essential during times of economic volatility. It helps to maintain employee morale and motivation, ensures that organizations remain competitive in the labor market, and can help companies to manage costs. Companies that prioritize compensation management during economic uncertainty are more likely to emerge stronger and more competitive in the long run.
In this episode of the HRchat pod, we consider reasons why compensation management is important during times of economic volatility and how it can help organizations address the challenges they may face. I’m joined by Perry Doody, Co-founder of CompTrak, a cloud-based compensation management platform that enables