When it comes to navigating the complexities of today’s talent landscape, one pressing question arises: how can companies effectively implement total reward strategies? In this episode of CPO PLAYBOOK, we delve into the intricacies of total reward strategies with John Radford, founder of Radford Surveys. As we explore the challenges of pay equity and pay transparency, John sheds light on the growing trend where new hires often command higher salaries than existing employees, showing pay gaps. With insights from the Harvard Business Review, he emphasizes the crucial role of AI in compensation and how it can streamline compensation planning. We also discuss HR best practices for addressing these issues, including the regulatory push for salary range disclosure and its positive impact on employee satisfaction. Join us as we uncover strategies to enhance morale and navigate the evolving landscape of compensation trends!
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