How can employers deal with pay compression?
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How can employers deal with pay compression?
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In the latest episode of Getting Our Reward Heads Together, Reward Heads CEO Victoria Milford is joined by Consulting Manager John Freeman to discuss pay compression and the impact of rising National Minimum Wage rates on pay structures in sectors such as hospitality and retail.
They cover:
- What pay compression means in practice
- How National Minimum Wage increases can affect pay differentials
- The impact on supervisors, long-serving employees and frontline roles
- Approaches to reviewing pay structures and progression pathways
- Considerations for organisations managing Reward and retention pressures
A practical discussion for HR and Reward professionals reviewing pay structures and frontline Reward approaches.
Getting Our Reward Heads Together is the podcast for Reward and HR leaders, brought to you by Reward Heads. Each episode explores the ideas, challenges and innovations shaping how organisations design, deliver and talk about Reward. We’re a boutique consultancy creating bespoke solutions for our clients.
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