How do the surveys account for economic factors such as currency devaluation and inflation?
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The Birches Group’s surveys use a unique methodology that is job-focused. As such, non-job factors like inflation and cost-of-living are not accounted for in the survey results.
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To keep a close monitor on countries that are experiencing different levels of economic volatility, you may subscribe to our Market Monitor here.
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Employers are advised to have a Special Measures Policy in place, to be prepared in times of volatility. To know more about how your organization can craft its own, you may reach out to [email protected].
Our partner, Warren Heaps, expounds on how to manage compensation during uncontrollable events