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Episode 53: Total Rewards Optimization: a Conversation with uFlexReward President Steven Brink

The Workspan Podcast

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How to Factor Inflation Into Your Total Reward Strategy

Charles Garcia: I want to ask about a recent article on your site title, how to factor inflation into your total reward strategy. When employees face rising costs of living pressures, the aspect of the award they tend to focus on is salary for the sake of employee retention. He says once salaries are raised, you can't bring them down. García: Are there other elements in looking at it holistically? You know, with a notion that inflation is temporarily high, at least at this time? Does that make sense at all?

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