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“It’s important to remember that the number you see in that summary compensation table is not the same thing as what somebody puts in their pocket or into an account,” said Jan Koors, senior managing director at Pearl Meyer.
“The discussion around say-on-pay has changed and the focus is now more specific and nuanced," said Peter Lupo, senior managing director at Pearl Meyer.
HR leaders have always played a crucial role in their organizations, but the COVID-19 pandemic has thrust HR into the leadership spotlight. In the process, human resources teams have become “essential workers” to ensure a safe and healthy return to the workplace.
“Most companies are rethinking their pay-scaling approach,” said Bill Dixon, managing director, Pearl Meyer. “An important reason for a reevaluation of geographic differentials is the potential complications surrounding pay equity.”
"At this juncture, when companies are allowing—or encouraging—remote work and it is going well, it appears there is some hesitancy to disrupt the talent pool," said Bill Dixon, managing director at Pearl Meyer.