In a troubled political and economic landscape, it is more important than ever for organizations to invest in compensation data and strategy to build pay confidence and address pay misinformation to attract and retain top talent.
Payscale’s Fair Pay Impact Report has three major findings:
• Employees paid at or above market believe they are paid below market.
• Employees are more likely to leave if they don’t believe they are paid fairly.
• Pay transparency is correlated with a decrease in intent to leave