Compensation & Benefits

Published January 2009

Show 'Em the Money: Compensation Trends 2009

Alison Avalos

Continued

Flexibility in how, when and where work gets done is becoming a staple element of the total rewards package. Employers that do not provide these programs will soon find it very difficult to compete for talent in an environment in which employees demand it.

Survey results also show organizations are continuing to offer a variety of bonus programs. Most notably, sign-on and employee referral bonuses are used by about seven in 10 organizations. Market pay adjustments to keep certain jobs or job families competitive still are prevalent, supporting the salary-budget-increase findings.

The future of the economy is unpredictable. Some say it will get worse before it gets better. Others estimate a recovery is close at hand. What is clear is that organizations are well-positioned to continue awarding pay increases, to differentiate rewards by performance and to offer a varied and complete total rewards package to attract and retain talent in a tough economy. Talent managers will play a key role in helping employees see the real value behind total rewards packages as employers leverage their many tools.

Alison Avalos, CCP, CBP, GRP, leads the surveys and research team at WorldatWork. She is a former HR practitioner.

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