- What’s the business case for investing in a refreshed compensation package for employees in Poland?
- How can business leaders arrive at a decision and convince stakeholders on the context and need for change?
- Why must leaders take a call now and not miss out on talent seeking opportunities elsewhere?
Often, internal communicators are invited by leaders to partner on business recommendations that will improve their standing and influence, within and outside the firm. Empowering leaders with effective communication solutions leveraging research-led insights can go a long way in building trust, credibility and connection.
I recently helped a business leader at a reputed global services organization build a case for investing in staff’s compensation as the escalating war for talent almost engulfed the firm. If you are keen to get the full ppt without the watermark, please mail me at [email protected] or ping me on Linkedin.
The storyline looked at the state of the business, the rising inflation and subsequent impact on staff, the growth trajectory in the industry (IT in this case), recent legislation and benchmarks that can provide insights on the need for intervention.
In essence, there was no time to lose and the leader pitched the case internally to get buy-in.
- The Poland market is competitive and 97% of companies surveyed plan to recruit in 2023. 21% of IT professionals in Poland intend to switch jobs, which is similar to global trends.
- However, in a highly competitive market environment, with rising inflation and the cost of living trends moving up, employers are concerned about managing expectations and retaining staff.
- Inflation in Poland touched an all-time high of 18.4% in Feb 2023 and people are finding it hard to manage living costs.
- Although organizations are upbeat, staff expect more and hiring continues to be a challenge
- Salary is the biggest factor driving IT professionals to switch jobs and enhancing compensation packages will help the company stay ahead of the market trends. Pay is also the primary concern for staff (2023 EY Work Reimagined Survey), creating a case for a comprehensive total rewards package that works locally.
- In Poland, salaries in IT are expected to grow 5-15%, according to a recent 2023 Hays Report
- Recommendation is to increase salary bands based on business performance and payouts in the coming cycle
Look up the business case here or request for the full non-watermark ppt by mailing me at [email protected]
Keen to build business cases to sell your story better with stakeholders? Looking for templates to articulate your messages easily? Reach out to me for a conversation: https://meet.brevo.com/aniisu-k-verghese/ask-aniisu-
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