Five tips for managing compensation during the economic crunch

In association with
22nd Jul 2009

During times of recession, businesses need to focus on areas that affect the bottom line directly. In this respect few areas have a greater impact than compensation, which will always be a critical part of employment and a key influencer of productivity, motivation and retention.

Implementing effective compensation strategies will help organisations survive and thrive in the current economic environment. Businesses should be aware that the downturn will pass and when it does, their success in retaining committed and talented employees will depend on how they treated them during the tough times.

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