The Problem with Pay Compression (and How to Fix It)

Recruitment and retention strategies go hand in hand. The perks, benefits, and initiatives that attract new talent improve employee satisfaction, too. Still, it’s hard for employers to stay competitive in the current market for talent, and inflation isn’t helping.Find us at https://www.bernieportal.com/hr-party-of-one/BerniePortal: The all-in-one HRIS that makes building a business &amp; managing its people easy.&nbsp;http://bit.ly/2NEQ5QbWhat is an HRIS?https://bit.ly/what-is-an-hrisBernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources.&nbsp; Approved for SHRM &amp; HRCI recertification credit hours. Enroll today!https://university.bernieportal.com/The HR Party of One Bloghttps://blog.bernieportal.com/en/hr-party-of-one?hsCtaTracking=b3b92578-8739-4cfd-b1ca-97b75053c111%7Cfc88f7d2-eafe-4e2f-b269-3cd9d1d6950cJoin the HR Party of One LinkedIn Group!https://www.linkedin.com/groups/12527070/▬ Episode Resources &amp; Links ▬▬▬▬▬▬▬▬▬▬What is Pay Compression and How HR Should Address It&nbsp;https://blog.bernieportal.com/what-is-pay-compression-how-hr-should-address-itAttracting Recruits with Big Salaries May Create Unfair Pay Gapshttps://www.thinkwhy.com/news-detail/attracting-recruits-with-big-salaries-may-create-unfair-pay-gapsYour Right to Discuss Wages | National Labor Relations Board&nbsp;https://www.nlrb.gov/about-nlrb/rights-we-protect/your-rights/your-rights-to-discuss-wagesSt. Louis, Missouri | National Labor Relations Boardhttps://www.nlrb.gov/about-nlrb/rights-we-protect/our-enforcement-activity/st-louis-missouriHere's what happens when salary is actually included in job listings - CNN.https://www.cnn.com/2022/02/09/success/salary-ranges-pay-transparency/index.html#:~:text=Only%20about%2012%25%20of%20postings,increase%20from%208%25%20in%202019Do Employers Need to Disclose Pay Information on Job Posts?https://youtu.be/RwmS0ag-Ki8How to Create a Culture Guide, Part 1&nbsp;&nbsp;<a href="https://youtu.be/Jds7C5pDQM8" rel="noopener noreferrer"...