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Understanding and Addressing Pay Compression with Lizzy Bores

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Manage episode 354920553 series 2584285
Sisällön tarjoaa Paylocity. Paylocity tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

When differences in pay between senior and entry-level positions shrink, it jeopardizes efforts to attract and retain talented employees. To avoid this unfortunate situation, employers should take proactive steps to review salary practices and conduct periodic compensation surveys. Furthermore, they should consider creative ways to provide rewards that don't rely on pay increases – such as giving more vacation time, recognizing achievements with public acknowledgment, or offering flexible hours. Join host Shari Simpson and Lizzy Bores as they discuss how to address and further prevent pay compression in your organization.

Guest Bio: Lizzy Bores, Senior HR Business Partner, Paylocity

Lizzy has 14 years of extensive HR experience in numerous roles and industries, which included a focus on compensation, talent acquisition, and learning and development. She joined Paylocity in 2018 and currently provides strategic support to our Technical Services organization through a partnership with its leadership teams. She also creates and refines various initiatives to align with the future needs of the Operations org and to drive a positive employee experience.

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178 jaksoa

Artwork
iconJaa
 
Manage episode 354920553 series 2584285
Sisällön tarjoaa Paylocity. Paylocity tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

When differences in pay between senior and entry-level positions shrink, it jeopardizes efforts to attract and retain talented employees. To avoid this unfortunate situation, employers should take proactive steps to review salary practices and conduct periodic compensation surveys. Furthermore, they should consider creative ways to provide rewards that don't rely on pay increases – such as giving more vacation time, recognizing achievements with public acknowledgment, or offering flexible hours. Join host Shari Simpson and Lizzy Bores as they discuss how to address and further prevent pay compression in your organization.

Guest Bio: Lizzy Bores, Senior HR Business Partner, Paylocity

Lizzy has 14 years of extensive HR experience in numerous roles and industries, which included a focus on compensation, talent acquisition, and learning and development. She joined Paylocity in 2018 and currently provides strategic support to our Technical Services organization through a partnership with its leadership teams. She also creates and refines various initiatives to align with the future needs of the Operations org and to drive a positive employee experience.

Mentioned In Episode

  continue reading

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