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How Does Pay Inflation Affect Compensation?
The labor shortage, higher than average inflationary rates and the economic downturn are leading to what I would say the fact that first time in my professional career, a very uncertain time related to pay inflation. What we're seeing by and large specifically for those hot jobs or hotter jobs is a bidding war for the best and brightest talent. There's an awful lot of pressure right now on job titles. There's certainly much more at stake than just pay at this time.