Insight

Act quickly: get ahead of compensation issues in the era of COVID-19

Eight questions to ask to help you adjust your compensation programs for the new environment.

John Luce

John Luce

Principal, Advisory M&A Services, KPMG US

+1 312-665-1112

Gregory Kopp

Gregory Kopp

Advisory Managing Director, Strategy, KPMG US

+1 202-533-8011

Elizabeth Chidichimo

Elizabeth Chidichimo

Director, Mergers & Acquisitions, KPMG US

+1 312-665-1560

Jason Brooks

Jason Brooks

Director Advisory, Strategy, KPMG (US)

+1 213-430-2117

Robert Berkowitz

Robert Berkowitz

Manager Advisory, Strategy, KPMG US

+1 917-438-3865

Beyond the obvious impacts of COVID-19 on businesses, the sudden economic slowdown also creates specific challenges for Human Resources. In the coming weeks and months, HR departments will need to understand how changes in the business and the environment affect compensation and retention. In this paper we look at the new challenges for:

  • Retaining and motivating key talent
  • Identifying “flex points” to adapt current programs as the crisis evolves
  • Preserving cash and enhancing the return on compensation spending