Page 115 - Appreciating Organization's Biggest Assets

Compensation trends in the pre and post COVID-19

Shreya Banerjee

Commentary :
In a post-COVID workplace, it’s essential to have a personalised, flexible,
yet comprehensive pay system with technology-enabled design and delivery
to maintain employee engagement and guarantee corporate efficiency.

Introduction

Although it is not thought to be the most significant, compensation is a
significant factor in work quality. While most businesses can think about
the potential of providing competitive pay and benefits to entice and hire
the best employees, businesses that operate under the not-for-profit model
face some unique difficulties. Because people are also searching for jobs that
make an impact, offer interesting and varied challenges, and foster positive
working relationships, organizations can and should market their strengths.

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