---
title: How Can Executives Manage Rising Labor Costs?
description: Today, the item at the top of many executives' lists are rising labor costs. To help employees stay afloat among increasing costs of living and keep them engaged, leaders are adjusting compensation.
image: https://blog.innovativeemployeesolutions.com/hubfs/Imported_Blog_Media/How-Can-Executives-Manage-Rising-Labor-Costs_800x500-10_27_22.jpg
---

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October 27, 2022

# How Can Executives Manage Rising Labor Costs?

Written by: [Kara Hertzog](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/author/karahrtzg)

Today, the item at the top of many executives’ lists is rising labor costs. To help employees stay afloat among increasing costs of living and keep them engaged, leaders are adjusting compensation. However, that leads to more business costs. So, how can company leaders manage their costs and invest in their talent?

 

## Read the [full article in CEOWORLD Magazine](https://ceoworld.biz/2022/10/26/how-can-executives-manage-rising-labor-costs/) for 3 strategies for leaders to manage rising labor costs and invest in their talent.

 

Guest-contributed article written by: Kara Hertzog, President at IES

*[Kara Hertzog](https://www.innovativeemployeesolutions.com/team/kara-hertzog/) is president of [Innovative Employee Solutions](https://www.innovativeemployeesolutions.com/) (IES), a leading global employer of record in more than 150 countries that specializes in payrolling and contractor management services for today’s contingent workforce. Founded in 1974 in San Diego, IES has grown into one of the city’s largest women-owned businesses and has been named one of its “Best Places to Work” for 10 years in a row.*

Tag(s): [Blog](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/blog) , [retain talent](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/retain-talent) , [HR](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/hr) , [Employer Best Practice](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employer-best-practice) , [Human Resource Management](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/human-resource-management) , [Business](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/business) , [Compensation](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/compensation) , [Remoteworkers](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/remoteworkers) , [Talent Acquisition](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/talent-acquisition) , [retaining talent](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/retaining-talent) , [Technology](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/technology) , [employees](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employees) , [Employer of Record](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employer-of-record) , [Employers](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employers) , [Recruiters and Staffing](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/recruiters-and-staffing) , [Independent Contractors](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/independent-contractors) , [Human Resources](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/human-resources) , [Talent](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/talent) , [labor costs](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/labor-costs) , [Inflation](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/inflation) , [retention](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/retention) , [Remote Workforce](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/remote-workforce) , [Employee Retention](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employee-retention) , [great resignation](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/great-resignation) , [Cost of Living](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/cost-of-living)

## [Kara Hertzog](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/author/karahrtzg)

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