Inflation Is on the Rise–What About Salaries?
Escalating inflation has employers and compensation managers puzzling over their compensation strategies. Cost of living, cost of labor, minimum wage, living wage, recruitment, retention, compression—they’re swirling around in our heads like uninvited confetti! The annual inflation rate for the United States was 8.5% for the 12 months ended March 2022, according to the U.S. Labor […]