How to communicate with employees about year-end pay
Employers may have to break some tough news to employees looking forward to year-end bonuses, merit increases or other rewards.
By Michelle Sedlacek|December 18, 2020 at 10:14 AM
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The COVID-19 pandemic has certainly turned business goals and 2020 planning upside-down, which means it’s likely that your company’s current financial situation isn’t what you initially expected. While some organizations have actually seen a huge positive shift in their business since March, many others are dealing with a great deal of struggle and uncertainty – which likely means changes to typical annual compensation plans.
Competing successfully in today’s labor market means moving away from reactive recruitment practices that are overly reliant on compensation. Instead, take a more strategic approach with innovative add-on health benefits that complement core benefits and can be tailored to the needs and wants of a diverse workforce. Download this guide to learn how.