Posts Tagged ‘employee retention’
Microsoft’s Decision on Pay Raises Makes Pay Equity a Priority
Microsoft is skipping employee pay raises for full-time salaried employees and its senior leadership team in 2023, a move announced by CEO Satya Nadella which contrasts with its 2022 salary increases. Employee bonuses, stock awards and promotions will continue. Microsoft’s decision on pay raises reflects a growing trend in the tech sector. Only 35% of…
Read MorePay Equity and Transparency Matters to Employees
According to a report from The Josh Bersin Co., communicating clearly about pay equity is nearly 13 times as important for employee retention and engagement as talking about “high levels of pay and benefits.” Equity Matters More Than High Pay and Great Benefits Provided with a list of 84 employee experience strategies, respondents ranked “fair…
Read MorePay Transparency Motivates Employees to Work Harder
Employees who feel and see their pay is fair through pay transparency and see themselves as part of a system where they can be promoted tend to work harder. That’s according to research reported in The Wall Street Journal, where multiple studies revealed the following: Knowing the salary of their colleagues can improve the productivity…
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