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Now is "crunch time" for employers as they evaluate company performance ahead of deciding what bonuses to pay, and against a backdrop of rising living costs, these could make or break retention.

This year's bonus discussions will require a "balancing act" between the ongoing skills shortage and the rising cost of living, says Robert Walters NSW managing director Andrew Hanson.

"Businesses face a delicate balancing act in the coming weeks, as bonus season unfolds within an increasingly uncertain recruitment market."

The challenge facing employers is how to ensure retention amid unprecedented demand, while also preparing for unpredictable economic conditions driven by a change in government, rising inflation and climbing interest rates, Hanson tells HR Daily...