Inflation was the top concern for companies in the SHRM survey, with 36% of respondents highlighting price increases as a challenge. Though inflation rates have lessened from previous highs, the overall price surge remains a significant issue for businesses and consumers.
Worker pay is affected by inflation, with nearly 9 in 10 American workers prioritizing fair compensation. However, only a quarter of HR executives consider inflation when determining salary adjustments, showcasing a potential gap in understanding employee needs.
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