Event Details
Compensation Market Trends: A renewed focus on strategy and design (SOCT)
| Date: | May 10, 2023, 11:30am – 1:30pm |
| Organizer: | SOCT |
| Location: | Divina Modern Italian Restaurant 275 Summer Street Stamford, CT 06901 |
| Price: | $30 SOCT Members; $45 Non-Members; $25 Students & Members in Transition |
| Event Type: | Meeting |
| iCal link | Add to Calendar |
The labor and economic markets have dramatically changed over the past few years, causing employers to rethink how to compensate their workforce. Compensation planning in 2023 will be no different as employers have a renewed focused to ensure that their compensation programs are properly designed to recruit and retain top talent. Employers are rethinking their compensation strategies to address emerging issues: a remote workforce, new pay transparency requirements, modifying incentive plans in a volatile economy, and creating pay programs to support career development.
Objective:
- Attendees will learn from an industry expert the current trends and strategies around compensation planning during this hour-long presentation. Program learning objectives include the following:
- Understand of the current labor market conditions
- Learn what organizations are planning for 2023 annual compensation increase budgets
- Review compensation philosophies and strategies
- Understand current design trends for annual and long-term incentive plans
- Learn how organizations are addressing remote workforce issues
- Review pay transparency trends
OUR SPEAKER
Tom Hurley leads the compensation practice and serves in a client management capacity for a multitude of compensation and total rewards projects for clients of all sizes. He has experience in human resources, benefits, and compensation design. Tom also has experience consulting with companies with particular emphasis on executive compensation and performance management.
