Three-quarters (64%) of reward professionals will review or change their strategy in the next 12 months, according to research by Hay Group.
The research, Which way now for reward? The continuing evolution of reward in a recession, found that, among those who intend to implement changes, 43% are planning a significant review, 38% are planning some focused developments, and 17% are planning only minor enhancements..
The majority (78%) of respondents believe the management of reward is changing, while 8% do not believe it is changing and 15% do not know.
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