Employers and employees are so far apart in their views about compensation equity that it almost seems the groundwork is being laid for a revival of the labor movement.
However, the two parties are much closer on the question of whether they think company compensation communications are transparent, because neither party really thinks so.
These are two of the key findings of a survey by PayScale, which analyzed responses from more than 70,000 North American workers and 7,600 bosses.
When asked whether they felt their workers were fairly compensated, 73 percent of managers said, “Oh yeah!” But only 36 percent of workers said they were.
A similar gap emerged when the parties were asked whether employees were valued by their employers. Again, a huge majority of bosses said they valued their workers (78 percent). But only 45 percent of employees agreed.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
