The Problem With Pay Compression (–and How to Fix It)

Recruitment and retention strategies often go hand in hand. After all, the same perks, benefits, and initiatives that attract new talent usually improve employee satisfaction, too. Still, it’s hard for employers to stay competitive in the current market for talent, and inflation certainly isn’t helping.

The Problem with Pay Compression

That’s why employers should beware of pay compression, which happens when those hiring pressures undermine retention efforts. In this episode of HR Party of One, Elisabeth will explain what pay compression is, including what employers can—and cannot—do to address it. By the end of this episode, you’ll have a better understanding of how transparent compensation practices can help you build a fairer workplace that attracts and retains top talent.

Additional Resources

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