Annual Salary Reviews in times of Crisis
Written by Lyn Brieseman on June 23, 2020.
At Strategic Pay, we know money is tight given the current environment, and restraint during the annual salary review will be required in most organisations. Our experience with remuneration and rewards indicates that instead of across the board increases (including zero increases), organisations should be targeting specific groups. With highly restrained pay review budgets, alternative approaches to the annual salary review will need careful thought and complex modeling to ensure the limited budget is distributed appropriately.