As the economy strengthens and the job market becomes more robust, employees are beginning to have an upper hand in deciding where they want to work. At the same time, employers are going to have to begin reworking strategies on hiring and retaining the best talent, with competitive salaries high on the wish list for workers.
I do think that in this calendar year we are likely to see some upward pressure on wages, says Laury Sejen, managing director, talent and rewards, at Towers Watson. I think, given that we know competitive base salary is the top driver of attraction and retention among employees in the U.S., that its the first thing thats going to have to give.
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