Alec Bitar, Director of Client and Talent Experience, shares the top compensation trends in the food industry that keep them competitive.
Enhanced Benefit Packages - Companies are prioritizing benefits and cultivating flexible work environments, offering perks such as increased PTO, lifestyle flexibility, hybrid work options, and gym memberships to attract and retain talent.
Performance-Based Incentives - Employers are implementing performance-based incentive structures to motivate employees and drive productivity.
Real-Time Market Data - Post pandemic, industry data trends are skewed. Live market date is the best way to inform compensation decisions, ensuring competitiveness and alignment with industry standards.