Archived Insight | December 8, 2020

2021 Compensation Planning Analysis

The data in this meta-analysis provides a snapshot from earlier this year of what employers had planned for their 2021 compensation.

Since the economic effects of the pandemic have made themselves more fully known, it's likely the projections in this report differ from what many employers actually have budgeted for next year's compensation.

However, we're fully confident that this data still holds high value for you and your organization. The advice we offer on how to approach your own compensation budgeting remains relevant regardless of the projections, and the data itself tells you how certain industries react in a crisis.

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How this report helps you

In addition to industry-specific data, this report also contains our latest thinking on what HR strategies will help your organization succeed. Inside you'll find our recommendations on:

Updating your employee value proposition
Making the most of your available salary budget
Strategic workforce planning
Investing time in recognition programs for employees
Encouraging paid time off
Engaging in career development conversations

Download the report and get ready to start planning for the future.

Want to know more about this report?

Get in touch with one of our consultants, and let's figure out how we can help.

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.