Remove what-is-pay-compression-how-hr-should-address-it
article thumbnail

What is Pay Compression and How HR Should Address It

BerniePortal

Undoubtedly, 2021 was a year full of changes for the workforce--from employees resigning in record numbers to many employers remaining remote for the foreseeable future. The result? Companies competing more for talent and talent expecting more from companies.

IT 52
article thumbnail

Pay compression: What it is and how to fight it

Insperity

Pay compression can happen in any business, whether you’re growing a small company or working at an enterprise-level organization. Yet what is wage compression exactly? How does it happen? And, when it happens in your business, how can you address it? What is salary, wage or pay compression?

IT 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How HR can give your company’s employee retention strategy a boost

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? Compensation and benefits When employees leave a company, it’s often in search of better pay and benefits.

article thumbnail

Building a strong compensation strategy: Is location-based pay best?

Insperity

You may be considering location-based pay – also known as a geographic pay differential. This means that you pay employees differently based on their location. Here’s everything you need to know, including answers to the most common questions on location-based pay. Employer approaches for location-based pay.

Salary 87
article thumbnail

The future of benefits: Adapting to changing employee expectations

Higginbotham

To continue recruiting and retaining the best people in this labor market, business owners and HR professionals must prioritize enhancing employee well-being and job satisfaction. What is holistic well-being? We often see the term holistic used without taking a moment to understand what it really means.

401(k) 52
article thumbnail

How to Improve Employee Engagement in the Manufacturing Industry?

Empuls

They need to understand how their daily tasks fall into the big-picture goals of the company. How are they helping the organization? What’s their contribution? This lack of emotional involvement can quickly result in disengagement. You can fix this by explaining to your employees the bigger picture.

article thumbnail

Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

Today, employees are looking for holistic benefits that address their physical, mental and financial well-being. Whether the company offers the option to work remotely , allows flexible schedules or has a shorter, more compressed work week, employees are attracted by the ability to tailor their work schedules to fit their personal lives.