Between shifting labor markets, persistent global complications relating to COVID-19, the Russia-Ukraine Crisis, high inflation and other unprecedented economic challenges, employers have their hands full in 2022. Many are strategizing to attract and retain the workforce they need while navigating today’s business challenges. This survey captured company perspectives on recession and inflation, Eastern European operations, labor market challenges, total rewards, pay transparency, flexible working and United States abortion benefits during June and July of 2022.
At the time of this survey, 74% of companies have rated the looming recession as at least a moderate risk with little impact on HR and talent management investment decisions. Labor shortages continue to rank as a significant (37%) and moderate (42%) priority. More than half of companies have yet to determine if they will factor inflation into salary budgets, with just 19% factoring either aligned or above inflation.
Global and region results
Individual market results