1、Rebalancing in a precarious economy and the age of pay transparency2023 Compensation Best Practices Report The storm of the last few years is subsiding and the labor market is calming down,but a recession may be on the way and compensation strategy and transparency are only becoming more important.P

2、ayscales 14th annual flagship report for compensation professionals,HR leaders,and business executives distills data and insights from the largest known survey focused on compensation management best 2Table of contents8986Chapter twelveChapter elevenMethodologyHR and comp management predictions03041

3、305Chapter twoChapter oneHighlightsExecutive SummaryStrategy and prepardeness for comp challengesSpotlight onthe economy21Chapter threeCompensation planning and pay increases474036Chapter sixChapter fiveChapter fourSalary data and market pricingJob managementand comp structureVariable pay and benefi

4、ts5257Chapter sevenChapter eightSkills-basedworkforceRemote work and geographic pay strategy7867Chapter tenChapter ninePay transparencyand communicationsPay equity,diversity,and ESG 3Executive SummaryThe 2023 Compensation Best Practices survey gathered 4,933 responses from October 2022 through Decem

5、ber 2022.The completion rate(55 percent)was the highest of any CBPR in recent history and contains more international responses,enterprise responses,and responses from executives than previous years.Why compensation strategy will be critical in 2023 Interest rates are climbing,job openings are falli

6、ng,and voluntary turnover is decreasing down 11 percent compared to last year.The labor market is cooling,but dont be fooled:Its still tight.In fact,60 percent of organizations say they are still experiencing labor challenges greater than previous years.This perception is supported by data from the