Tara Furiani - Budgeting for Salaries in an Uncertain World

Send us a text Summary: Tara Furiani is an executive, a business team builder, an influencer, a board member, a writer, a speaker, and a people leader. What’s more, she’s also the creator, executive producer, and host of Not the HR Lady and Workcations! She is an accomplished Chief People Officer and has worked across many industries & countries with companies of all sizes, both as the top “people” leader for the organization, reporting to the CEO, and as a consultant, reporting to the Board. In this episode, Tara Furiani talks about budgeting for salaries in an uncertain world. Chapters: [0:00 - 8:06] Introduction Welcome, Tara! Today’s Topic: Budgeting for Salaries in an Uncertain World [8:07 - 17:45] Why did 2022 introduce uncertainty around salaries? We’re truly facing a “new normal” that’s vastly different from 2019 The United States (and the world) are facing yet more crises [17:46 - 40:40] What will be different about 2023? Uncertainty will not magically stop with the new year Employees are smarter about pay and expect more from employers Companies will need to “walk the talk” when it comes to diverstiy [40:41 - 41:31] Final Thoughts & Closing Take a moment to reflect on your company’s core values Thanks for listening! Quotes: “We're not going back [to pre-pandemic times], we're going forward. Organizations really need to take that in. There are going to be higher expenses for salaries, which are going to result in higher expenses for taxes and other things. We have to do it though . . . if we want to remain competitive as organizations.” “I'm gonna talk directly to employers right now. You all have core values, mission, a vision, pillars of excellence, whatever. Look at them, study them, read them, reflect on if those are what you actually are in reality. . . . [because] if you're not doing that stuff, people notice.”Resources:Not the HR Lady Contact:Tara's LinkedIn David's LinkedInDwight's LinkedInProduction by Affogato MediaPodcast Manger: Karissa Harris To schedule a meeting with us: https://salary.com/hrdlconsulting For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/ Produced by Affogato Media