It’s a tale as old as the hills, one that still rings true: Employers think they’re paying their employees a fair wage, and employees disagree.
The most recent support for this schism come from PayScales. The research, based on some 7,600 responses from bosses and workers, reveales a substantial gap on the fairness issue: 73 percent of employers believe they are fairly compensating their workforce, but only 36 percent of employees agree.
“Despite the buzz surrounding employee engagement, there is still a chasm between employee and employer perceptions on many key issues: pay perceptions, pay transparency and employee value,” the survey concludes. The survey also uncovers some bright spots from the employee perspective. Among them: An increasing number of companies are handing out more and larger bonuses. However, PayScale noted, “This trend … is the result of continued low wages for employees.”
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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.
