Insightful on the upcoming #compensation trends to look out for in 2025!
Founder of Search Solution Group | Headhunter Specializing in Executive Placements | Father of 5 | Sports Enthusiast
As we look ahead to 2025, compensation planning is becoming increasingly complex. From shifting labor costs to new pay transparency regulations, businesses need to adapt quickly to remain competitive and compliant. Here are five key trends shaping compensation strategies for 2025: 1?? Labor Costs: Hiring fluctuations and rising wages will keep compensation budgets top of mind for many companies. 2?? Pay Transparency: With new regulations on the horizon, employers will need to reassess how they communicate salary information. 3?? Minimum Salary Test: The DOL's updated salary threshold for exempt employees requires businesses to review classifications and make necessary adjustments by January 2025. 4?? AI in HR: Artificial intelligence is playing a larger role in HR, from candidate sourcing to performance reviews, but it brings both opportunities and challenges. 5?? Variable Pay for Retention: As voluntary turnover slows, businesses will shift focus to internal engagement and performance-based rewards. What can companies do now? Start by evaluating your compensation strategy, ensuring it aligns with these upcoming trends and positions your business for success in 2025. #Compensation #HR #Retention Read the Full Article Here: https://lnkd.in/e_j_GUAa.