Economic, technological and labor market developments are affecting pay practices across industries around the world, but the impacts being felt aren’t all the same. Leveraging comprehensive WTW research as well as insights from a pulse survey among prominent tech, media and gaming (TMG) organizations globally, we were able to take a deeper dive into the latest trends this dynamic industry is experiencing.
Source: Q3 2023 Talent Intelligence Report – European Technology cut
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These trends demonstrate that TMG organizations are taking a renewed approach toward compensation to ensure they are attracting and retaining in-demand talent and skills. Although pay premiums are still common, sector organizations are exploring ways to strengthen their total rewards function that will help them retain the right people in the right roles while effectively overcoming the challenges of persistent inflation and a tight competition for talent.
The evolving pay landscape in the TMG industry demands agility, strategic foresight and a strong focus on total rewards to attract, retain and nurture talent while weathering economic fluctuations. As the industry charts its course, adapting to these trends remains crucial for sustainable growth and resilience.
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