New|Hire Salaries are Rising – Along with Concerns About Pay Equity

6 Causes of Salary Compression & 8 Ways to Retain Employees

If you don't pay attention to the salary implications for your existing staff, the speed and scale of your new hiring can create pay compression ...

Compensation planning for 2025: Five trends that matter

Pay equity and transparency ... A growing number of states and local governments are adopting some form of expanded pay transparency that requires ...

Of Course You'll Pay Well for New Talent. But What About Your ...

A new study found that salaries for new hires are 7% higher than what current employees earn in similar positions. For longtime employees ...

19% starting salary premiums give rise to pay equity concerns

While challenges to secure talent are putting upwards pressure on salaries for new hires, this is giving rise to pay equity concerns, with ...

Advancing Pay Equity in Governmentwide Pay Systems

As described in the proposed rule and in this final rule, however, salary history is not necessarily a good indicator of worker value, ...

How to tackle wage growth and remain competitive in a tough market

As you contemplate increasing employee pay or setting salaries for sought-after new hires, be careful to maintain pay equity within your organization. Pay ...

What's New In The Evolving Area Of Pay Equity Requirements?

In an effort to promote pay equity, states and localities are requiring employers to take certain steps as part of their recruiting process.

Pay Equity: What It Is and Why It's Important - Indeed

Several states passed stronger protection for equal pay, promoting transparency and banning companies from asking salary history questions during the hiring ...

Making Compensation More Equitable - The Management Center

The following is a snapshot of our best thinking, whether you're developing a transparent salary structure for the first time or striving for ...

Pay Equity in Tech: Microsoft Skips Pay Raises | Trusaic

15% fall in intent to stay; 13% rise in job search activity; 13% fall in employee engagement. Fair compensation practices matter to your ...

Pay Compression: When Staying Doesn't Pay - Paylocity

The top five causes of pay compression are: irregular salary adjustments, a rise in starting salaries, salary range limits, merit-based pay ...

Employers can't afford to raise wages as cost of living ... - Fortune

Targeted promotions and market adjustments are other levers companies can pull to address employees' pay concerns. But again, this approach can ...

2024 employee pay trends - WTW

Tight labor markets, inflationary pressures and employee retention concerns have fueled salary increases to rates not seen in nearly two decades ...

Wage Compression: How to Maintain Pay Equity in Your Workplace

But one thing might also occur when new hires join your organization that many organizations encounter: wage compression. In fact, according to ...

Inflation Raises: Employer's Guide To Wage Adjustments | Paychex

Dalgliesh continues, "Businesses have been asking their HR Departments to do more with fewer employees. Instead of cutting wages, employees have ...

Pay Compression: What It Is And How To Fight It - Insperity

Minimum wage laws; A tight skilled worker supply; Rapidly escalating wages for high-demand jobs. Some years these market drivers may not be as strong as others, ...

High Inflation Means Resetting Pay Strategies - SHRM

The Growing Challenge of Pay Compression ... As organizations increase salaries offered to new hires to compete for talent, pay compression is ...

CEO pay slightly declined in 2022 - Economic Policy Institute

CEO compensation in 2021 (the latest year for which data on top 0.1% wage earners are available) was 7.68 times as high as wages of the top 0.1% ...

Pay Equity Analysis: The Essential Guide [With a Tutorial] - AIHR

Yet, this difference in contract hours does not eliminate all salary bias. This second model still shows that male employees earn on average $8126.63 more than ...

Equity Increases | People & Culture - UC Berkeley

The salary of a long term-employee is low relative to a new hire whose salary is market-driven. · Significant salary compression exists between a supervisor and ...