Employee Compensation

Do you get paid enough for what you do?

BambooHR surveyed 1,000 US employees to gauge how they’re feeling about their compensation. In a time when inflation has risen higher than it had in four decades, more than a third of the respondents said they haven’t had a raise in years.

When asked, companies themselves said they plan to increase their salary budget by about 3.3% — while inflation is currently at over 9%.

Less than a quarter of people surveyed are actually disgruntled about their salary. But — and this is a BIG BUT — 75% would leave their job for a salary increase.

In dealing with candidates every day, I’m made well aware of the tension between professionals’ desire to advance their compensation and how much organizations can afford to pay. But maybe it’s time to revisit how much your company is paying your people for particular roles.

#compensation #warfortalent #employeeretention