A guide on managing salary compression issues in the compensation field.
Now more than ever, a variety of factors are impacting an organization’s ability to pay its employees fairly and equitably.
Now more than ever, a variety of factors are on a collision course impacting an organization’s ability to pay its employees fairly and equitably—causing salary compression issues.
Salary compression is a serious issue and may lead to increased turnover, productivity problems, dissatisfied employees, lack of engagement, and even potential discrimination and pay equity claims.
The vast majority of companies suffer from pay compression, whether it is caused by minimum wage changes, pay equity laws, FLSA changes, stagnant salary increase budgets and more.
