Fair Pay Impact Report
In the wake of the Great Resignation, new research from Payscale reveals that perception of fair pay impacts employees’ intent to leave.
Pay communications are the bedrock of employee engagement and retention. Payscale total rewards statements can help you become more transparent and build confidence with your employees that their pay is competitive using streamlined technology.
Pay transparency is commonly misconstrued as an either/or choice between keeping pay secret and publishing salaries. In actuality, pay transparency is a spectrum that informs your approach to pay communications. Most organizations target being on the upper end of the spectrum where managers utilize tools like total rewards statements to communicate to individual employees how their pay is determined, where they fall in their pay range, and how to grow with the organization.
Total rewards statements from Payscale can be tailored to specific employees or groups of employees. They also come with historical views to help managers track the growth of employees over time.
Transparency and communication surrounding pay are essential when it comes to keeping employees happy. But just how much so? Maybe you’re starting to think about a pay communications plan or need to refresh an existing one. No matter where you are on your journey, dive into this whitepaper to learn about the benefits of having a plan and how to create one.
Recent research conducted by Payscale confirms these sentiments showing that an employee’s perception of pay, no matter how close to reality it is, is a huge factor in their intent to leave. Join Payscale on Friday, July 23rd at 11 am PST, as we...
Payscale offers manager training on pay communications and how to use total rewards statements to maximum effect.Learn about our services
Job descriptions are essential to organizations and are foundational elements of critical functions, including talent management, compensation strategy, and fair pay practices.
Companies are now proactively monitoring more sustainable compensation practices to guard against racial and gender pay gaps.
The gender pay gap is real. Of course, it is. Multiple independent organizations and institutions report on the gender pay gap using different data sets and methodologies. And they all come to the same conclusion: women earn less than men.
For the International Women’s Day’s theme of #BreakTheBias, we examine the gender pay gap using data from Payscale’s upcoming Gender Pay Gap Report alongside legislation aimed at reducing pay gaps.
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