Inflation-linked Compensation Actions

[On-Demand]
In this case study, WorldatWork member Gaurav Modak delves into the complexities of regional geopolitical & economic crises, especially focusing on Egypt’s current political & economic environment, inflation, currency devaluation, etc. and how these factors impacted his organization's compensation strategy. Gaurav then shares the measures they implemented, including lump sum payments, multiple salary increases, increases in allowance, market adjustments, additional bonuses and increases in shift allowance. Gaurav concludes the session by sharing his experience of the outcome and emphasized on the importance and timing of employee communication.