6

Emerging Compensation Issues

JOSEPH J. MARTOCCHIO, PH.D.

School of Labor and Employment Relations, University of Illinois at Urbana-Champaign

I felt like I was an arrow, pulled back and ready to be launched into something big.

—A. B. SHEPHERD, LIFEBOAT1

Compensation professionals continually manage current challenges, and they anticipate how they will approach new ones. A. B. Shepherd’s quote can be applied to the world of compensation professionals, in which they must stand ready to engage in understanding and take action. This chapter identifies three issues that define some of the challenges facing compensation professionals in a rapidly changing business environment:

•   Ripple effects of the Great Recession

•   Anticipation of possible ...

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