Being a human resource manager or a compensation professional, the exercise of doing a compensation planning every year is a tedious task. With companies keeping their merit increase budget same year-on-year, it has become a challenge to reward and engage the right employee, more so, when the economy has been hit the hardest with COVID. Sluggish growth, low revenues and decrease in business activity have put a brake on expansion plans, salary increments and improvisation in compensation budgets. READ MORE