Compensation trends:
Modern perspectives on pay

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According to CBPR, 2022 Pay Increases Likely Won’t Be Enough to Stem Turnover

Payscale’s annual Compensation Best Practices Report is now available for download and the insights are informative and important, especially given the challenges of the current labor market and the urgency with which organizations are approaching 2022 pay increases.
Articles

The great resignation: What’s happening out there?

The great resignation, characterized by prolific job vacancies and increased employee separations, has demonstrated the growing leverage employees have to secure higher wages and better working conditions in a quickly recovering economy. Several sectors have had an enormous appetite for labor coming out of the economic stagnation of 2020, and such a...
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Pay increases are a top concern for 2022 to attract and retain talent

Do you know what your employees really want for the holidays? Pay increases that reflect changes in the job market and economy. As the end of the year approaches, compensation planning for pay increases is always top of mind for employers — but especially this year. Wages are looking to go up in 2022,...
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Payscale’s 2022 Compensation Best Practices Survey is now open for participation

The largest survey dedication to compensation best practices (CBPR) is now open for participation through the end of December. This survey is appropriate for anyone who manages compensation...
Articles

How to create a compensation strategy for remote work

Payscale recently released research on the State of Remote Work in 2021 finds that 81 percent of organizations don’t have a compensation strategy for remote work. That’s concerning. Remote work has upended traditional workplace dynamics and employees have been vocal that they don’t want to return to business as usual when the...
Articles

Two Ways to Improve Retention: From Flight Risk Jobs to Business Goals

We talk a lot about uncertainty, especially when it comes to keeping, motivating, rewarding, and attracting an increasingly mobile workforce. PayScale’s 2017 Compensation Best Practices Report found that 56 percent of employers consider retention a major concern. With such a mobile workforce, organizations are exploring many options to keep their best people,...