Inflation, attraction & retention issues push organizations to rethink compensation programs

This study provides insights on how organizations in the Czech Republic approach current challenges related to high inflation/tight labor market environment and increased attraction, retention issues.

• The large majority of the participating companies have increased or are planning to increase salary for specific employee groups. Most commonly these organizations are targeting increases at employees of highest performance, highest retention risk or with hot skills.
• Over half of respondents have adjusted or are planning to adjust salary ranges.
• Attraction and retention pressures force organizations to place greater emphasis on non-financial elements of compensation and extensive use of sign-on/retention bonuses.

Contact

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Michael Zeler

Head of Work & Rewards, Central & Eastern Europe

email Email phone +30 210 9473751

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