To compete for talent, organizations have been under heavy pressure lately to increase their entry-level wages. As a result, a phenomenon known as pay compression has reared its ugly head. HR administrators must address and remedy this issue before it leads to more serious business implications, such as low morale, increased turnover and even potential discrimination and pay equity claims. This webinar will help organizations recognize the issue when it arises, mitigate fallout prior to implementing a solution and help correct compression obstacles that weren’t foreseen.
Problems of and solutions for pay compression
Causes and potential risks if ignored
Proactive approaches to mitigate equity problems
Strategies to address and fix pay compression challenges