article thumbnail

Incentive Pay Challenges And Opportunities In 2023  

Chief Executive

A January 2022 Conference Board C-Suite Challenges Survey reported that the primary internal business challenge facing senior leaders is the attraction and retention of talent. So, they absorb a one-time increase in variable costs as opposed to building in additional fixed costs by providing more aggressive base salary increases.

article thumbnail

Variable Compensation: All HR Needs to Know

AIHR

Finding the right mix of pay, benefits, and other incentives is essential to attracting and retaining top performers, especially in a tight labor market. A variable pay plan can offer several positive outcomes that will benefit your organization. This helps you reduce fixed labor costs. Make it competitive.

article thumbnail

Recession-Proof Your L&D Strategies and Budget For Future Success

AIHR

Inspite of this, organizations have created the perception that learning is a benefit, or a privilege provided to employees as part of employee engagement and retention strategies. The majority of budget resides in fixed costs related to headcount.

Sales 67