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Pay perception may be more important to workers than actual compensation

November 7, 2017

Via: HR Dive

The biggest surprise coming out of the PayScale study was the importance employees placed on their organization’s rise and its effect on their retention. This result suggests that workers highly value being connected to a successful company. The challenge for employers is to make employee engagement the highest of priorities, because worker satisfaction is a big driver of organizational success.

Employees in many survey results appear less concerned about their pay levels than feeling appreciated and having development opportunities. But that doesn’t mean they don’t care about the details of how they’re compensated. U.S. employees, in particular, have a great deal of complexity surrounding their pay. Employers can act ethically by being transparent with workers about how wage levels are set and whether they’re competitive. Workers shouldn’t be in the dark about whether they’re adequately paid.

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