How the pandemic has caused historically low salary growth17 September, 2020 | (01 hr)
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Since the outbreak of COVID-19, organizations have taken several workforce cost reduction measures, including cutting wages and salaries. In addition, with revenues under pressure and many people out of work, employers are entering a new era where wage growth may hit a historical low.
So, how should business and HR leaders respond? Join our panel of compensation experts and economists to learn more.
By attending this webcast, viewers will be able to answer the following critical questions:
- How has COVID-19 affected wages and salaries?
- Why the wage crunch may be delayed and not be visible yet in 2020?
- What strategies have companies and HR leaders been taking regarding compensation?
- What will happen to salary increase budgets?
- How will a loose labor market over the next few years affect wage growth?
- What will be the impact of the rise in minimum wages on compensation?
Who Should Attend: Compensation and benefits practitioners, HR leaders, finance executives, and other business executives interested in wage dynamics
Robert J. Centonze
Bob Centonze is Vice President Total Rewards with the Campbell Soup Company. His role encompasses the planning, design, communication and administration of Campbell’s global compensation and benefit programs. In addition, Bob focuses on executive compensation, Board governance and M&A d...Full Bio
Frank Steemers is an Economist at The Conference Board and his expertise is primarily in the analysis of the labor market in the US and other mature economies. Based in New York, he conducts statistical and descriptive analyses and contributes to labor market whitepapers, blogs, webcasts, and med...Full Bio
Gad Levanon, PhD
Gad Levanon is Vice President, Labor Markets for The Conference Board, where he oversees the labor market, US forecasting, and Help Wanted OnLine© programs. His research focuses on trends in US and global labor markets, the US economy, and forecasting using economic ind...Full Bio