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Three Key Compensation Issues In Retail for Q1 2021

Three Key Compensation Issues In Retail for Q1 2021Download PDF

The coronavirus pandemic has profoundly shaken the retail sector. Rapid changes in consumer behavior, supply chain disturbances, and government-mandated store closures contributed to
a difficult 2020. Companies discarded long-term strategies while management teams and boards pivoted to the “new normal.” “Essential” retailers struggled to keep pace with demand while many “non-essential” retailers focused on survival.

In this context, companies took extraordinary actions to reimagine compensation. With the pandemic’s disruption continuing in 2021, we discuss three critical compensation issues that management teams and boards face in the first quarter of 2021.

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