As more companies look to be more transparent on their pay practices,they should expect to find that some employees are more satisfied with their salary thanothers. According to a recent survey from Robert Half, while 49 percent of workers feeltheir paid fairly, 46 percent disagree (and 5 percent actuallyadmit that they think they're overpaid).
|In addition, the survey looked at compensation sentiment by age,gender and location. Interestingly, the 18-34 group had the highestpercentage of those feeling overpaid (8 percent), and notsurprisingly, more women report feeling underpaid than men.
|Robert Half offers a few insights into why employees may feelunderpaid, including outdated compensation plans and workerscomparing their salaries to those of their peers or newopportunities offered by recruiters.
|Related: Is your salary age-appropriate?
|Whatever an employee is paid, Paul McDonald, senior executivedirector for Robert Half, reminds employers that salary doesn'tequate to worker satisfaction. “Professionals earning a healthysalary may still feel undervalued or underappreciated for theircontributions,” he says. “Pay alone does not guarantee employeesatisfaction or happiness. Organizations need to offer solidbenefits, perks and incentives, along with a positive corporateculture, to attract and retain top performers.”
|To learn more about workers' pay satisfaction, check outthe infographics below.
||
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:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 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.