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A Distributed Workforce in a Downturn: How it Affects Compensation & Hiring

July 6, 2023
2 min read

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It has been a wild year in tech and as we look ahead to 2023, your hiring and compensation strategies have never been more important. A year ago, it was a candidate-driven market but with a looming economic downturn and the announcement of layoffs and hiring freezes in the last few months, what has shifted, and what should growth-focused companies focus on to attract and retain top talent?

How does a globally distributed workforce affect compensation and hiring strategies during a downturn? Hear from Annika Reinhardt, Co-Founder of Talent Collective, and Certified Compensation, Global Remuneration and Sales Compensation Professional, and Alistair Shepherd-Cross, Teamit's President & Co-founder, for an insightful discussion on the current state of the tech market and implementing compensation and hiring strategies to retain and attract talent.

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When’s the last time you reviewed your compensation & rewards program? How do your compensation practices stack up in the marketplace? 

We've partnered with Talent Collective to offer a 30-minute complimentary check-up to provide feedback on your current compensation approach from a Certified Compensation & Global Remuneration Professional and get market insights that can help you take your program to the next level. Book your discovery call today to learn more.  

You can also check out our hiring and salary guide for businesses working with or developing remote teams in IT:

Teamit's 2023 Tech Salary and Hiring Guide

About the author


Teamit helps growth-focused companies recruit top talent, scale quickly and build high performing technical teams in North America and South America.