Employees have strong feelings about their pay.

Each of us wants to feel valued and appreciated. We want to be compensated fairly for our time, effort, skills, and results.

We compare ourselves to our peers and that impacts how we feel about our pay.

If you believe that you are being paid less than your peers for similar work, it can lead to frustration, resentment, and even demotivation.

If you believe you are being paid more than your peers, it can boost your confidence and satisfaction with your job.

If your employer is transparent with their pay ranges and how pay increases are determined, that impacts your pay satisfaction.

If you feel like your employer is not being upfront and honest about how they make pay decisions, that will lead to mistrust and dissatisfaction.

But if your employer is transparent and communicates clearly about how they determine pay, you are more likely to feel satisfied with your compensation.

Honesty is the best policy, but unfortunately inconsistent pay practices over time have put a lot of employers on the defensive.

They can’t be honest about how they make pay decisions because they don’t have standard processes in place that are followed consistently.

If you are an employer struggling with this, let’s talk.

#paytransparency #payequity #fairpay #humanresources #compensation #rewards #hr