Page 124 - Appreciating Organization's Biggest Assets

and September 2020. While non- must choose whether to lower
farm workers in production and incentive plan rewards to reflect the
non-supervisory occupations saw new economic reality because their
an increase in their average hourly recovery will take years.
pay from $23.70 to $24.79. Companies all around the world are
The pandemic’s impacts are already balancing the necessity to maintain
having an impact on future choices high pay levels in order to retain
regarding general compensation top workers against the economic
techniques. According to Gregg uncertainty. According to Mary
Passin, senior partner, Executive Ann Sardone, partner and U.S.
Solutions at Mercer, incentive Talent Solutions leader at Mercer,
schemes at some businesses that there isn’t a single pay solution that
profited from the exceptional works for all businesses. She replies,
conditions of 2020 paid out over “Our advise is that you look at your
target levels despite the weakened circumstances.
global economy. Other businesses

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