Is team morale low despite competitive salaries?
Are seasoned employees leaving?
The culprit could be pay compression.
When experienced employees discover their pay barely exceeds that of new hires, the impact ripples through your entire organization, increasing turnover, decreasing productivity, introducing potential legal risks, and creating a workforce that questions fairness.
It's time to mitigate the hidden threat to your workforce that's costing you talent, morale, and money.
GO BEYOND IDENTIFYING PROBLEMS & DISCOVER:
The Complete Analysis Framework
Learn how to evaluate factors that contribute to compression:
External factors- Market Pricing
- Geographic Practices
- Economic Environment
- Salary Structures
- Promotion Practices
- Performance Metrics
Implementation Strategies:
Budgeting methodologies that won't break your budget
Documentation requirements for legal protection
Communication frameworks for your different audiences
Special considerations for tipped employees
The Compliance Connection
Understand how pay compression intersects with legal compliance, pay equity laws, and transparency requirements.
Learn critical knowledge for mitigating risk while maintaining fair compensation practices from trusted, experienced HR consulting experts.
Ready to tackle pay compression strategically?
This comprehensive guide provides the essentials you need to identify, analyze, and address pay compression in your organization.
Comprehensive Compensation Studies
Our comp studies help you understand where you stand in the market and identify potential compression issues before they impact your workforce.
Job Description Creation & Management + Job Classification Analysis
We provide a suite of services and strategic support to ensure your compensation structure aligns with your organizational goals.
Move Beyond Analysis to Action with REDW
Our trusted and experienced compensation experts are here to help you implement tailored strategies for your specific needs.