Annual compensation cycles have traditionally been the primary method for adjusting employee salaries. However, there's been a growing shift towards using off-cycle compensation increases.

According to Mercer, the implementation of off-cycle increases has risen by 10% in 2024 compared to 2023. As these off-cycle increases become a vital tool for modern organizations, it’s crucial to understand their importance and how to implement effective processes to maintain a competitive edge in the market.

This webinar will explore the intricacies of off-cycle compensation, covering key reasons for its growing use, essential considerations when establishing off-cycle award processes, and the role of technology in automating these processes.

You'll learn:

• The best practices when setting up off-cycle award processes.
• The importance and nuances of off-cycle compensation and awards.
• Tips for automating off-cycle compensation.