WAW: Affiliates Day: Salary Structure & Compensation Trends

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AGENDA

• Welcome and Introductions
• Session 1: 2023 Salary Structure Policies & Practices Survey Results
• Session 2: 5 Compensation Trends You Need to Know
• Closing/What's Next

PROGRAM DETAILS

Session 1
2023 Salary Structure Policies & Practices Survey Results

Get an insider's view of the results from our recent survey, Salary Structure Policies & Practices, conducted in partnership with Deloitte. We will reveal the key findings, providing insight into the relevant trends in salary structure types and characteristics, competitive positioning and adjustments, tools and the impact of pay transparency and hybrid and remote work. Full results of the 2023 Salary Structure Policies & Practices will be released April 2023. 
 
During this session you will: 

• Gain a better understanding of leading market practices and shifts in year-over-year industry trends in salary structure policies and practices. 
• Develop a point of view on whether your organization’s current salary structures, policies and practices are meeting organizational goals and/or need adjustments to align with leading market practices. 
• Understand how other organizations are responding to new laws, regulations, and workforce policies (e.g., Pay Transparency laws, Geographic Differentials, Remote/Hybrid work). 

 
Presenters: 

• Cheryl Cybulski, CCP, Manager, Workforce Transformation, Deloitte Consulting 
• Liz Supinski, Director of Research and Insights, WorldatWork

Session 2
5 Compensation Trends You Need to Know

The last two years in the compensation arena were unique and unprecedented. In 2021, we saw previously deemed “outlier” offers become commonplace; just one year later, rising layoffs and compression resulted in many revised Total Rewards strategies. 
 
Factors like COVID-19, remote work, the urban exodus, inflation, and global conflict continue to impact the current compensation landscape. 
 
While we can’t predict the future, here are 5 compensation trends we can count on in 2023: 

• With Pay Transparency laws in California and New York in full effect, more transparency regulations are coming. Employees and job seekers are paying attention, and companies need to be ready. 
• More robust Total Rewards packages may include expanded employee benefits (beyond healthcare) and will be reflected in compensation. 
• Economic uncertainty and a potentially looming recession will continue to impact layoffs and offers. 
• Merit + Promo Cycles (Compensation Cycles) will become shorter and more complex. 
• “Band-Aid Bonuses” may replace salary increases and/or higher salary offers in the short term.  

 Presenter:

• Kaithlyn Knopp, CEO + Co-Founder, Pequity