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Jenni Marquez, CCP, PayScale Compensation Professional Most organizations don’t intend to pay employees low, but market shifts and legislation changes can often result in underpaid employees. The New Minimum Wage: Many municipalities have already adopted a minimum wage that goes beyond the federal level (currently $7.25/hour).
Due to budget constraints, small and medium-sized businesses rely on non-monetary benefits like flexible working hours or growth opportunities. As a result, recruitment and training costs continue to rise, morale among remaining employees lowers, and the perception of low value remains.
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According to a study by Payscale, the gender pay gap is currently $0.82 Payscale found a racial wage gap showing that women of all races and ethnic groups earn less than white men. Payscale found a racial wage gap showing that women of all races and ethnic groups earn less than white men. Women earn $0.69
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Just as recently, I learned about the passage of a new employment law in the state of Massachusetts that bans employers from inquiring about an applicant’s salary history prior to offering the individual a job. I’ve been thinking about the impact of snap decisions a lot lately. Essentially, gut counts for something.
Jenni Marquez, CCP, PayScale Compensation Professional Let’s review. If you have external inequities and find your pay is low compared to market, you likely have flight risks, higher turnover, and difficulty recruiting. Listen to candidates and recruiters as that can indicate a need to market price a job out of cycle.
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A recent survey revealed that nearly half of low-wage workers had trouble paying their bills during the pandemic and around a third struggled to pay their rent or mortgage. Nearly 1 in 5 health care workers have quit their jobs during the pandemic, while another 12% have been laid off. The Struggles of Healthcare Workers. Low Salaries.
According to a study by Payscale, the gender pay gap is currently $0.82 Payscale found a racial wage gap showing that women of all races and ethnic groups earn less than white men. Payscale found a racial wage gap showing that women of all races and ethnic groups earn less than white men. Women earn $0.69
Jenni Marquez, CCP, PayScale Compensation Professional Just discovered that a large portion of your workforce is overpaid to market and not sure what to do? Were they all hired around the same time? Read through our helpful guide on what can trigger overpayment, correcting the problem, and how to avoid going in the red altogether.
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Just as recently, I learned about the passage of a new employment law in the state of Massachusetts that bans employers from inquiring about an applicant’s salary history prior to offering the individual a job. I’ve been thinking about the impact of snap decisions a lot lately. Essentially, gut counts for something.
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